How is it determined which plans get COLAs and which plans do not?

Municipal plans that are part of MERS, and have adopted a COLA provision, provide a 2023 COLA when the actuary determines the individual plan is at least 80% funded as of June 30, 2022.

Plans that have chosen not to offer a COLA and plans that are not 80% funded do not provide a COLA to members.

Recipients of the Teachers’ Survivor Benefit (TSB) will receive a COLA as determined by the Social Security Administration.

NOTE: There may be years that the Social Security Administration does not grant a COLA.