The LAGERS Board of Trustees voted to give eligible retirees a cost-of-living adjustment (COLA) at their quarterly board meeting on June 13.
At the meeting, the board reviewed and unanimously approved the Post Retirement Resolution, which allows eligible retirees to see benefit increases effective Oct. 1, 2025. Individual COLAs will be based on the June 2025 Consumer Price Index (CPI) with a maximum adjustment of 4%. By law, COLA adjustments are capped at 4% per year.
Although COLA amounts vary by retiree depending on their effective retirement date, LAGERS’ goal is to ensure that all retirees are either at or working toward reaching 100% purchasing power of their original benefit.
COLAs provide a crucial financial cushion that allows LAGERS retirees to retain full purchasing power with their hard-earned benefits, even as the cost of living fluctuates from year to year.
For more information, view the June board report online.
