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2020 cost-of-living adjustments announced

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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 cost-of-living adjustment (COLA) effective July 1, 2020.

The July 1, 2020 COLA of 2.0% is for those with retirement dates on or before July 1, 2019 and does not vary by retirement date.

The increase will appear in checks paid on July 31.

How the COLA is calculated

The 2020 COLA is based on the 3.12% average increase in the Consumer Price Index (CPI) measured from February 2019 to February 2020 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 if they have been retired one full year by July 1. Therefore, those members whose retirement or disability date is after July 1, 2019, are not yet eligible to receive a COLA.

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