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Pension Payment Calendar

Payday November 28, 2024December 28, 2024January 29, 2025February 26, 2025March 27, 2025April 28, 2025May 29, 2025June 26, 2025July 29, 2025August 28, 2025September 26, 2025October 29, 2025November 27, 2025December 29, 2025

Check Mailed

Payday October 31, 2024December 2, 2024December 31, 2024January 31, 2025February 28, 2025March 31, 2025April 30, 2025June 2, 2025June 30, 2025July 31, 2025September 2, 2025September 30, 2025October 31, 2025December 1, 2025December 31, 2025

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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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