debodun
SF VIP
- Location
- way upstate in New York, USA
I received notification about the COLA adjustment to my pension. It's going up a whopping $18 a month! That won't even buy a large package of ground beef.
Pension COLA adjustment letter
- Thread starter debodun
- Start date
Aunt Bea
SF VIP
- Location
- Near Mount Pilot
Be thankful, my pension annuity is fixed at $150.68/month! 
That Lady in PA
Senior Member
Yep... be glad you have a pension and be glad yours gives you COLAs!
So very many don't!
So very many don't!
debodun
SF VIP
- Location
- way upstate in New York, USA
My gripe is that these COLAs aren't keeping up with inflation. This is about half of what it usually is while the prices of food and utilities are much more than last year.
Aunt Bea
SF VIP
- Location
- Near Mount Pilot
I’m not sure that they were ever intended to keep up with inflation.
Some New York State pension COLAs are calculated based on 50% of the inflation rate and further capped at 3%.
Check to see what method your plan uses, it may be more generous or possibly more restrictive.
Some New York State pension COLAs are calculated based on 50% of the inflation rate and further capped at 3%.
Check to see what method your plan uses, it may be more generous or possibly more restrictive.
Do you also receive Social Security benefits?
That Lady in PA
Senior Member
They are not supposed to.
IKE
Well-known Member
- Location
- Oklahoma....U.S.A.
My company retirement check doesn't have COLA's so I'm making the same as I was in 2015 when I retired and I'm very happy to get what I get....not a huge amount but thankfully both my SS and VA disability have COLA's.
debodun
SF VIP
- Location
- way upstate in New York, USA
Me too! Unfortunately my husband passed away in February but he had enough life insurance to pay off the house. My pension now is my social security if the government doesn't mess it up!
Georgiagranny
Well-known Member
I get a pension based on years of service. It didn't start until I turned 65. There's no COLA so it's the same as it was when I started getting it 20 years ago. Fine by me. AFAIC, it's free money.
I'm curious. Are pension COLA adjustments based off SS projected COLA? If not how are they calculated?
Michael Z
Senior Member
- Location
- Northern Wisconsin
I am just thankful for my pension, which is more or less fixed. Yeah, in about 15 years it won’t be worth much, but I have other things working for me.