COLA (Cost-of-Living Adjustment) Updates (MSRB)



FY 2023 Retiree COLA Update: APPROVED!

We are pleased to inform you that if you retired before July 1, 2021, and are otherwise eligible, the approved 5% COLA (Cost-of-Living Adjustment) increase for eligible retirees of the State Employees' Retirement System will be included in the July 2022 benefit payment. The COLA, effective July 1, 2022, is 5% of the first $13,000 of your annual benefit paid in monthly installments.

This means a maximum increase of $650/year or $54.17/month.

If you have direct deposit and have not elected to Go Green, you will receive a statement in the mail as a record of your monthly benefit. You can also view your statement online at Your ID is on your statement below your name.

What is a COLA?

The COLA is a Cost-of-Living Adjustment for eligible retired state employees receiving a pension. A COLA is handled by the Legislature, which includes Senators, Representatives and the Governor. Each year, they may or may not recommend a COLA amount to include in the state's annual budget.

If you have additional questions about the COLA, please contact your local State Senator and Representative. Visit to find your Legislator’s contact information.

As always, you can view your benefit pay statements online at Your ID is on your statement below your name.

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