University of California Retirement Plan (UCRP) and UC-PERS Plus 5 Plan benefit recipients, including those receiving survivor and UCRP disability income, will receive a 2.0% cost-of-living adjustment (COLA) effective July 1, 2019.
The July 1, 2019 COLA of 2.0% is for those with retirement dates of on or before July 1, 2018 and does not vary by retirement date.
The increase will appear in checks paid on August 1.
How the COLA is calculated
The 2019 COLA is based on the average increase in the Consumer Price Index (CPI) measured February 2018 to February 2019 for the Los Angeles and San Francisco metropolitan areas.
The UCRP COLA formula generally matches the annual increase in the CPI up to 2.0%. The COLA for UC-PERS Plus 5 benefit recipients is the same as that for UCRP benefit recipients, with a Retirement Date of October 1, 1991.
UCRP benefit recipients are eligible to receive a COLA after receiving benefits for at least one year. Therefore, those members whose retirement or disability date is after July 1, 2018, are not yet eligible to receive a COLA.