Inflation protection of retirement income is an important part of economic security. Cost-of-living adjustments (COLAs) are a typical way for states and cities to protect the pension benefits and other retirement income they provide public employees. But there is a lot of variance in how these COLAs are offered. The data below shows what inflation protection is provided, what limits there are, and who can authorize COLAs. (Last updated: January 14, 2020)
Public Pension COLA Rates
| Retirement System Name | COLA Amount | COLA Limit | COLA Authorizor | Plan Type | Date Updated |
|---|---|---|---|---|---|
| Alabama Employees Retirement System | n/a | n/a | Ad Hoc | GIP | October 1, 2019 |
| Alabama Teachers Retirement System | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| Alaska Public Employees Retirement System – Defined Benefit Plan | Varies by age and Alaska residence status; for those age 65+ is the lesser of 9% or three-fourths of CPI, simple | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Alaska Public Employees Retirement System – Defined Contribution Plan | n/a | n/a | n/a | DCP | October 1, 2019 |
| Alaska Teachers Retirement System – Defined Benefit Plan | Varies by age and Alaska residence status; for those age 65+ is the lesser of 9% or three-fourths of CPI, simple | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Alaska Teachers Retirement System – Defined Contribution Plan | n/a | n/a | None | DCP | October 1, 2019 |
| Arizona State Retirement System | Up to 4%, simple | n/a | For those hired before September 2013: Reserve Account PBI For those hired after September 2013: Ad Hoc | GIP | October 1, 2019 |
| Arizona Public Safety Personnel Retirement System | Up to 2%, simple | Linked to Funded Status and Inflation (Phoenix-area CPI) | Automatic | GIP | October 1, 2019 |
| Arizona Public Safety Personnel Retirement System – Defined Contribution Plan | n/a | State law requires the retirement system offer access to annuities | Annuities made available via a third-party provider | DCP | October 1, 2019 |
| Arkansas Public Employees Retirement System | 3%, compounded | Fixed | Automatic | GIP | October 1, 2019 |
| Arkansas State Highway Employees’ Retirement System | Lesser of 3% or CPI, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Arkansas Local Police and Fire Retirement System | 3%, compounded | Fixed | Automatic | GIP | March 16, 2020 |
| Arkansas Teachers Retirement System | 3%, simple (pension board can authorize COLA to be compound on ad hoc basis) | Fixed | Automatic | GIP | October 1, 2019 |
| Austin(TX) City Employees Retirement System | Varies | Linked to Funded Status | Ad Hoc | GIP | November 19, 2019 |
| Austin(TX) Fire Fighters Relief and Retirement Fund | Varies | n/a | Ad Hoc | GIP | November 19, 2019 |
| California Public Employees Retirement System | State: Lesser of 2% or CPI Local: Lesser of 2%-5% or CPI | Linked to Inflation (CPI) | Automatic (local employer selects the maximum rate for their plan) | GIP | October 1, 2019 |
| California State Teachers Retirement System | 2%, simple | Fixed | Automatic | GIP | October 1, 2019 |
| University of California Retirement System | Up to 6% (CPI to 2%, plus three-fourths of CPI over 4%) | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Chicago Policemen’s Annuity & Benefit Fund | 3%, simple | Fixed | Automatic | GIP | November 27, 2019 |
| Chicago Teachers Retirement System | For those hired before July 2011: 3%, compounded For those hired after June 2011: Lesser of 3% or half CPI-U, compounded | For those hired before July 2011: Fixed For those hired after June 2011: Linked to Inflation (CPI-U) | Automatic | GIP | October 1, 2019 |
| Chicago Metropolitan Water Reclamation District Retirement Fund | For those hired before July 2011: 3%, compounded For those hired after June 2011: Lesser of 3% or half CPI-U, compounded | For those hired before July 2011: Fixed For those hired after June 2011: Linked to Inflation (CPI-U) | Automatic | GIP | November 27, 2019 |
| Colorado Fire & Police Pension Association | n/a | n/a | Ad Hoc | GIP | October 1, 2019 |
| Colorado Public Employees Retirement Association – Local | For those hired before January 2007: 0.5% to 2% For those hired after December 2006: Up to 2% | For those hired before January 2007: Linked to Funded Status For those hired after December 2006: Linked to Funded Status and Inflation (CPI-W) | Automatic | GIP | October 1, 2019 |
| Colorado Public Employees Retirement Association – School | For those hired before January 2007: 0.5% to 2% For those hired after December 2006: Up to 2% | For those hired before January 2007: Linked to Funded Status For those hired after December 2006: Linked to Funded Status and Inflation (CPI-W) | Automatic | GIP | October 1, 2019 |
| Colorado Public Employees Retirement Association – State | For those hired before January 2007: 0.5% to 2% For those hired after December 2006: Up to 2% | For those hired before January 2007: Linked to Funded Status For those hired after December 2006: Linked to Funded Status and Inflation (CPI-W) | Automatic | GIP | October 1, 2019 |
| Colorado Public Employees Retirement Association – Judges | For those hired before January 2007: 0.5% to 2% For those hired after December 2006: Up to 2% | For those hired before January 2007: Linked to Funded Status For those hired after December 2006: Linked to Funded Status and Inflation (CPI-W) | Automatic | GIP | October 1, 2019 |
| Colorado Public Employees Retirement Association – Denver Public Schools | For those hired before January 2007: 0.5% to 2% For those hired after December 2006: Up to 2% | For those hired before January 2007: Linked to Funded Status For those hired after December 2006: Linked to Funded Status and Inflation (CPI-W) | Automatic | GIP | October 1, 2019 |
| Colorado Public Employees Retirement Association – PERAChoice Defined Contribution Plan | Varies | n/a | Annuities made available via a third-party provider | DCP | October 1, 2019 |
| Connecticut State Employees Retirement System | 2% to 7.5% (three-fifths of CPI-W up to 6% + three-fourths of CPI-W over 6%) | Linked to Inflation (CPI-W) | Automatic | GIP | October 1, 2019 |
| Connecticut Teachers Retirement System | For those hired before September 1992: 3% to 5% For those hired before July 2007: 1.5% to 6% For those hired after June 2007: Up to 5% | For those hired before September 1992: Linked to Inflation (CPI) For those hired before July 2007: Social Security Inflation, Investment Performance For those hired after June 2007: Investment Performance | Automatic | GIP | January 14, 2020 |
| Contra Costa County(CA) Employees | Up to 2% to 4% (based on Tier) | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| District of Columbia Police Officers’ and Firefighters’ Retirement System | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| District of Columbia Teachers Retirement System | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Delaware State Employees Retirement System | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| Denver Employees Retirement System | Varies | Linked to Funded Status | Ad Hoc | GIP | November 27, 2019 |
| Fairfax County Schools Retirement System | Up to 4%, simple | Linked to Inflation (CPI-U) | Automatic | GIP | November 27, 2019 |
| Florida Retirement System – Defined Benefit Plan | For service credits earned before July 2011: Up to 3%, compounded For service credits earned after June 2011: 0% | n/a | For service credits earned before July 2011: Automatic For service credits earned after July 2011: None | GIP | October 1, 2019 |
| Florida Retirement System – Investment Plan | Varies | n/a | Annuities made available via a third-party provider | DCP | October 1, 2019 |
| Georgia Employees Retirement System | n/a | n/a | Ad Hoc | GIP | October 1, 2019 |
| Georgia Teachers Retirement System | 1.50% | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Hawaii Employees Retirement System | 1.50% | Fixed | Automatic | GIP | October 1, 2019 |
| Houston Firefighters Retirement System | Up to Social Security increase | Linked to Social Security | Automatic | GIP | November 27, 2019 |
| Idaho Public Employees Retirement System | Varies | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Illinois Municipal Retirement System | For those hired before July 2011: 3%, compounded For those hired after June 2011: Lesser of 3% or half CPI-U, compounded | For those hired before July 2011: Fixed For those hired after June 2011: Linked to Inflation (CPI-U) | Automatic | GIP | October 1, 2019 |
| Illinois State Employees Retirement System | For those hired before July 2011: 3%, compounded For those hired after June 2011: Lesser of 3% or half CPI-U, compounded | For those hired before July 2011: Fixed For those hired after June 2011: Linked to Inflation (CPI-U) | Automatic | GIP | October 1, 2019 |
| Illinois State Universities Retirement System | For those hired before July 2011: 3%, compounded For those hired after June 2011: Lesser of 3% or half CPI-U, compounded | For those hired before July 2011: Fixed For those hired after June 2011: Linked to Inflation (CPI-U) | Automatic | GIP | October 1, 2019 |
| Illinois Teachers Retirement System | For those hired before July 2011: 3%, compounded For those hired after June 2011: Lesser of 3% or half CPI-U, compounded | For those hired before July 2011: Fixed For those hired after June 2011: Linked to Inflation (CPI-U) | Automatic | GIP | October 1, 2019 |
| Indiana Public Employees Retirement Fund | n/a | n/a | Ad Hoc | GIP | October 1, 2019 |
| Indiana Teachers Retirement Fund (“1996Account”) | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| Indiana MyChoice Defined Contribution Plan | n/a | n/a | n/a | DCP | October 1, 2019 |
| Iowa Public Employees Retirement System | Varies | Linked to Funded Status | Automatic | October 1, 2019 | |
| Iowa Municipal Fire and Police Retirement System | 1.5%, compounded (additional COLAs are available by length of service) | Fixed | Automatic | GIP | October 1, 2019 |
| Kansas City Public School Retirement System | Varies (currently suspended until the plan reaches 100% funded) | Linked to Funded Status | Ad Hoc | GIP | January 14, 2020 |
| Kansas Public Employees Retirement System – Defined Benefit Plan | n/a | n/a | Ad Hoc | GIP | October 1, 2019 |
| Kansas Public Employees Retirement System – Cash Balance Plan | Members of the guaranteed return plan can opt into a COLA at retirement | Self-funded COLA option with guaranteed return plan account balance | GRP | October 1, 2019 | |
| Kentucky County Retirement System | Varies | n/a | Linked to Funded Status and Inflation (CPI), Ad Hoc | GIP | November 27, 2019 |
| Kentucky Employees Retirement System – Non-Hazardous | Varies | n/a | Linked to Funded Status and Inflation (CPI), Ad Hoc | GIP | November 27, 2019 |
| Kentucky Employees Retirement System – Hazardous | Varies | n/a | Linked to Funded Status and Inflation (CPI), Ad Hoc | GIP | November 27, 2019 |
| Kentucky Teachers Retirement System | 1.5% to 3% | Fixed | Automatic | GIP | October 1, 2019 |
| Los Angeles County Employees Retirement System | Plan A: Up to 3% Plans B-E: Up to 2% | Linked to Inflation (CPI) | Ad Hoc | GIP | November 27, 2019 |
| Louisiana Firefighters’ Retirement System | Up to 3% | Linked to Funded Status | Ad Hoc | GIP | November 27, 2019 |
| Louisiana Parochial Employees’ Retirement System | Varies | n/a | Ad Hoc | GIP | November 27, 2019 |
| Louisiana State Employees Retirement System | Varies, up to lesser of 3% or CPI | Linked to Funded Status and Inflation (CPI) | Reserve Account PBI | GIP | October 1, 2019 |
| Louisiana Teachers Retirement System | Varies, up to lesser of 3% or CPI | Linked to Funded Status and Inflation (CPI) | Reserve Account PBI | GIP | October 1, 2019 |
| Maine Public Employees Retirement System – Local Districts | Up to 2.5% | Linked to Inflation (CPI) | Automatic (if elected by local employer) | GIP | October 1, 2019 |
| Maine Public Employees Retirement System – State and Teacher Plan | Varies, applied to first $20,000 of benefit | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Maryland State Retirement and Pension System – Public Employees | 1% to 2.5% | Linked to Funded Status and Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Maryland State Retirement and Pension System – Teachers | 1% to 2.5% | Linked to Funded Status and Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Massachusetts State Employees Retirement System | Up to 3%, applied to first $13,000 of benefit | n/a | Ad Hoc by Legislature | GIP | January 14, 2020 |
| Massachusetts Teachers Retirement System | Up to 3%, applied to first $13,000 of benefit | n/a | Ad Hoc by Legislature | GIP | January 14, 2020 |
| Michigan Municipal Employees Retirement System | Varies by employer | Fixed | Automatic (if elected by local employer) | GIP | January 14, 2020 |
| Michigan Public School Employees Retirement System – Legacy Plan | Basic Plan: 0% MIP Plan: 3%, simple | Basic Plan: None MIP Plan: Fixed | Basic Plan: None MIP Plan: Automatic | GIP | November 27, 2019 |
| Michigan Public School Employees Retirement System – Pension Plus Tier | n/a | n/a | None | HYB | October 1, 2019 |
| Michigan Public School Employees Retirement System – Pension Plus 2 Tier | n/a | n/a | None | HYB | October 1, 2019 |
| Michigan Public School Employees Retirement System – Defined Contribution Plan | Varies | n/a | Annuities made available via a third-party provider | DCP | October 1, 2019 |
| Michigan State Employees Retirement System | 3%, simple (up to $300) | Fixed | Automatic | GIP | October 1, 2019 |
| Michigan State Employees Retirement System – Defined Contribution Plan | Varies | n/a | Annuities made available via a third-party provider | DCP | October 1, 2019 |
| Minnesota Public Employees Retirement Fund | 1% to 1.5%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Minnesota State Employees Retirement System | 1%, compounded(setto increase to 1.5% in 2024) | Fixed | Automatic | GIP | October 1, 2019 |
| Minnesota Teachers Retirement Association | 2% to 3% | Fixed | Automatic | GIP | October 1, 2019 |
| Mississippi Public Employees Retirement System | 3% | Fixed | Automatic (compound after age 60) | GIP | October 1, 2019 |
| Missouri DOT and Highway Patrol Employees’ Retirement System | Up to 5%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Missouri Local Government Employees Retirement System | Up to the lesser of 4% or cumulative CPI since retirement | Linked to Funded Status and Inflation (CPI), Automatic | GIP | October 1, 2019 | |
| Missouri Public School Retirement System | Up to 5%, simple (lifetime COLA cannot exceed 80% of monthly benefit) | n/a | Ad Hoc | GIP | October 1, 2019 |
| Missouri Public Education Employee Retirement System | Up to 5%, simple (lifetime COLA cannot exceed 80% of monthly benefit) | n/a | Ad Hoc | GIP | October 1, 2019 |
| Missouri State Employees’ Retirement System | Up to 5%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Montana Public Employees’ Retirement Administration | 0% to 1.5%, compounded | Linked to Funded Status | Automatic | GIP | June 15, 2020 |
| Montana Teachers’ Retirement System | 0.5% to 1.5% | Linked to Funded Status | Automatic | GIP | June 15, 2020 |
| Nashville & Davidson County Metropolitan Government Employee Benefit Trust Fund | Varies | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| Nebraska Public Employees Retirement Systems – Schools Division (Defined Benefit Plan) | Minimum 1% | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Nebraska Public Employees Retirement Systems – State Division (Guaranteed Return Plan) | Members of the guaranteed return plan can opt into a 2.5% COLA at retirement | Self-funded COLA option with guaranteed return plan account balance | Automatic | GIP | October 1, 2019 |
| Nebraska Public Employees Retirement Systems – County Division | Members of the guaranteed return plan can opt into a 2.5% COLA at retirement | Self-funded COLA option with guaranteed return plan account balance | Automatic | GIP | October 1, 2019 |
| Nevada Public Employees Retirement System – Police Officer and Firefighter | 2% to 4% | Fixed | Automatic | GIP | October 1, 2019 |
| Nevada Public Employees Retirement System – Regular Employees | 2% to 4% | Fixed | Automatic | GIP | October 1, 2019 |
| New Hampshire Retirement System | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| New Jersey Public Employees’ Retirement System | n/a (currently suspended) | Linked to Funded Status and Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New Jersey Police & Fire Retirement System | n/a (currently suspended) | Linked to Funded Status and Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New Jersey Teachers Retirement System | n/a (currently suspended) | Linked to Funded Status and Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New Mexico Public Employees Retirement Association | 2%, compounded | Fixed | Automatic | GIP | October 1, 2019 |
| New Mexico Education Retirement Board | Varies | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New York City Employees Retirement System | Up to half of CPI on first $18,000 | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New York City Teachers Retirement System | 1% to 3% | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New York State & Local – Employees Retirement System | 1% to 3% on first $18,000, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New York State & Local – Police and Fire Retirement System | 1% to 3% on first $18,000, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| New York State Teachers Retirement System | 1% to 3% on first $18,000, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| North Carolina Local Government Employees’ Retirement System | Up to 4% | Linked to Inflation (CPI) and Investment Returns | Ad Hoc by Board | GIP | January 14, 2020 |
| North Carolina Teachers and State Employees’ Retirement System | Varies | Linked to Funded Status and Inflation (CPI) | Ad Hoc by Legislature | GIP | January 14, 2020 |
| North Dakota Public Employees Retirement System | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| North Dakota Teachers Retirement System | n/a | n/a | None | GIP | October 1, 2019 |
| Ohio Public Employees Retirement System | For those retired before January 2013: 3%, simple Fore those retired after December 2012: Up to 2.25%, simple | For those retired before January 2013: Fixed Fore those retired after December 2012: Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Ohio Public Employees Retirement System – Member-Directed Plan | Varies | n/a | Depends on annuity factors applied at the time of retirement | DCP | October 1, 2019 |
| Ohio Police and Fire Pension Fund | Lesser of 3% or CPI, simple | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Ohio School Employees Retirement System | 0% (board has voted to suspend their up to 2.5% COLA for FY 2022 & 2023) | Linked to Inflation (CPI-W), Ad Hoc | GIP | October 1, 2019 | |
| Ohio State Teachers Retirement System | 0% (board has voted to temporarily suspend a 2% COLA) | Fixed | Ad Hoc | GIP | October 1, 2019 |
| Ohio State Teachers Retirement System – Defined Contribution Plan | n/a | n/a | n/a | DCP | October 1, 2019 |
| Oklahoma Public Employees Retirement System | Currently suspended | n/a | Ad Hoc | GIP | January 14, 2020 |
| Oklahoma Public Employees Retirement System – SoonerSavers Plan | n/a | n/a | n/a | DCP | January 14, 2020 |
| Oklahoma Teachers Retirement System | Currently suspended | n/a | Ad Hoc | GIP | January 14, 2020 |
| Oklahoma Police Pension & Retirement System | Currently suspended | n/a | Ad Hoc | GIP | January 14, 2020 |
| Oklahoma Firefighters Pension & Retirement System | Currently suspended | n/a | Ad Hoc | GIP | January 14, 2020 |
| Oklahoma Law Enforcement Retirement System | Currently suspended | n/a | Ad Hoc | GIP | January 14, 2020 |
| Orange County Employees Retirement System | Up to 3% | Linked to Inflation (CPI) | Ad Hoc by Board | GIP | October 1, 2019 |
| Oregon Public Employees’ Retirement System | For service credits earned before November 2013: 2%, compounded For service credits earned after October 2013: 1.25% on first $60,000; 0.15% on additional income | Fixed | Automatic | HYB | October 1, 2019 |
| Pennsylvania Public School Employees’ Retirement System | Varies | n/a | Ad Hoc by Legislature | GIP | January 14, 2020 |
| Pennsylvania Public School Employees’ Retirement System – Defined Contribution Plan | n/a | n/a | n/a | DCP | January 14, 2020 |
| Pennsylvania State Employees’ Retirement System | Varies | n/a | Ad Hoc by Legislature | GIP | January 14, 2020 |
| Pennsylvania State Employees’ Retirement System – Defined Contribution Plan | n/a | n/a | n/a | DCP | January 14, 2020 |
| Phoenix Employees Retirement System | Varies | Linked to Inflation (CPI) and Investment Returns | Automatic | GIP | October 1, 2019 |
| Rhode Island Employees Retirement System | 0% to 3.5%; (COLA is only granted every four years until fund achieves 80% funding) | Linked to Funded Status and Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Rhode Island Municipal Employees’ Retirement System | 0% to 3.5%; (COLA is only granted every four years until fund achieves 80% funding) | Linked to Funded Status and Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Richmond (VA) Retirement System | Varies | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| Sacramento County Employees | Up to 4% | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| San Diego City Retirement System | Up to 2% | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| San Diego County Retirement System | Up to 2% | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| San Francisco City & County Employees Retirement System | Up to 2% | Linked to Inflation (CPI) | Automatic | GIP | January 14, 2020 |
| South Carolina Police Officers’ Retirement System | 1%, up to $500 | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| South Carolina Retirement System | 1%, up to $500 | Fixed, Automatic | GIP | October 1, 2019 | |
| South Dakota Retirement System | 2.1% to 3.1% | CPI and funding both | GIP | October 1, 2019 | |
| St. Louis Public School Retirement System | Varies | n/a | Ad Hoc | GIP | January 14, 2020 |
| St. Paul Teachers’ Retirement Fund Association | Up to 2.5% | Linked to Funded Status | Automatic | GIP | January 14, 2020 |
| Tennessee Political Subdivisions Pension Plan | Varies by employer; up to 3%, compounded | Linked to Inflation (CPI) | Automatic (if elected by local employer) | GIP | October 1, 2019 |
| Tennessee State Employees, Teachers, Higher Education Employees Pension Plan | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic (if elected by local employer) | GIP | October 1, 2019 |
| Texas County & District Retirement System | Varies by employer | Linked to Inflation (CPI) | Ad Hoc (if elected by local employer) | GRP | October 1, 2019 |
| Texas Employees Retirement System | Varies | Linked to Funded Status (must be 80% funded or better) | Ad Hoc | GIP | October 1, 2019 |
| Texas Law Enforcement Custodial Officers System | Varies | Linked to Funded Status (must be 80% funded or better) | Ad Hoc | GIP | October 1, 2019 |
| Texas Municipal Retirement System | Varies by employer; between 0% and 70% of CPI, compounded | Linked to Inflation (CPI) | Automatic (if elected by local employer) | GRP | October 1, 2019 |
| Texas Teachers Retirement System | n/a | Linked to Funded Status (must be 80% funded or better) | Ad Hoc | GIP | October 1, 2019 |
| Utah Retirement System | For those hired before July 2011: Up to 4% For those hired after June 2011: Up to 2.5% | Linked to Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Vermont State Employees’ Retirement System | Up to 5%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Vermont State Teachers’ Retirement System | One-half of CPI up to 5%, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Virginia Retirement System | Up to 3% | Linked to Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Washington Law Enforcement Officers’ and Fire Fighters’ Retirement System – Plan 1 | CPI, compounded | Linked to Inflation (CPI) | Automatic | GIP | October 1, 2019 |
| Washington Law Enforcement Officers’ and Fire Fighters’ Retirement System – Plan 2/3 | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Washington Public Employees’ Retirement System – Plan 1 | n/a | n/a | None | GIP | October 1, 2019 |
| Washington Public Employees’ Retirement System – Plan 2/3 | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Washington School Employees’ Retirement System – Plan 2/3 | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| Washington Teachers’ Retirement System – Plan 1 | n/a | n/a | None | GIP | October 1, 2019 |
| Washington Teachers’ Retirement System – Plan 2/3 | Up to 3%, compounded | Linked to Inflation (CPI) | Automatic | HYB | October 1, 2019 |
| West Virginia Teachers Retirement System | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| West Virginia Public Employees Retirement System | Varies | n/a | Ad Hoc | GIP | October 1, 2019 |
| Wisconsin Retirement System | Varies | Linked to Funded Status and Investment Returns | Linked to Funded Status and Investment Returns | GIP | October 1, 2019 |
| Wyoming Retirement System | Varies (currently suspended until the plan reaches 100% funded) | Linked to Funded Status | Linked to Funded Status | GIP | October 1, 2019 |
Source: Public plan actuarial valuations, press releases, retirement plan websites.
Plan types: Guaranteed income plan (GIP, typically a defined benefit “pension”); Guaranteed return plan (GRP, typically a defined benefit “cash balance” plan); Hybrid plan (HYB, typically combining defined benefit and defined contribution components); Defined contribution plan (DCP).
