Calpers Cola Increase 2024 Update Today. Most calpers retirees will receive colas of 2% to 4.7%. More than 95% of retirees receive either the prior year’s increase or 2%, according to calpers.

The year you retire is a key component of the cola, as calpers members become cola eligible two years after their retirement date. Both calstrs and calpers have mechanisms in place to guard a retiree’s defined benefit pension against eroding purchasing power.