Will I receive a cost-of-living increase?
If your individual plan provides a cost of living allowance (COLA), you will be eligible for a COLA increase. Less than 10% of PMRS plans provide a COLA provision and they are mainly police officer and firefighter plans. It is possible that your municipality may allocate excess interest to its retirees which will produce an increase in the monthly benefit. Click here to learn more about excess interest awards.