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Pension Payment Calendar

Payday December 27, 2023January 29, 2024February 27, 2024March 29, 2024April 27, 2024May 29, 2024June 28, 2024July 29, 2024August 29, 2024September 28, 2024October 29, 2024November 28, 2024December 28, 2024

Check Mailed

Payday January 2, 2024January 31, 2024February 29, 2024April 1, 2024April 30, 2024May 31, 2024July 1, 2024July 31, 2024September 3, 2024September 30, 2024October 31, 2024December 2, 2024December 31, 2024

Direct Deposit

New York City Employees' Retirement System

Trusted Partner of NYC Employees for More Than 100 Years

Cost-of-Living Adjustment (COLA)

Post August 9, 2023

Every September, eligible retirees and beneficiaries receive a Cost-of-Living Adjustment (COLA) to their retirement allowance that is based on the Consumer Price Index (CPI).

What is the 2024 COLA rate?

The 2024 Cost-of-Living Adjustment (COLA) for eligible retirees and beneficiaries is 1.8%.

If you are eligible to receive COLA, it will be reflected in your September 30, 2024 Pension Payment.

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90 Seconds with NYCERS – Cost-of-Living Adjustment

Learn about Cost-of-Living Adjustment (COLA) eligibility criteria for NYCERS retirees, payment timing, and how the COLA rate is calculated.

Fact Sheet March 9, 2017 #707

Cost-of-Living Adjustment (COLA)

Learn about COLA eligibility criteria for NYCERS retirees and beneficiaries, payment timing, and how the COLA rate is calculated.

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