University of California
UCnet
What are you looking for?

2020 cost-of-living adjustments announced

Share This Article

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.

Keep Reading

  • RASC benchmarking: A roadmap to best-in-class service
    October 21, 2024
    The following is an announcement from Bernadette Green, Executive Director, Retirement Administration Service Center Over the past three-and-a-half years, we have transformed the Retirement Administration …
  • New retirement counseling program showing success
    August 6, 2024
    Early in 2024, the Retirement Administrative Service Center (RASC) implemented two service enhancement initiatives: Retirement Counseling and Advisory Services and the RASC Web Portal.
  • Get ready for open enrollment with these benefits basics
    August 6, 2024
    UC’s open enrollment period for 2025 benefits is Thursday, Oct. 31 to Friday, Nov. 22, 2024, at 5 PM (PT). You’ll get all the news about your choices and any changes in the November New Dimensions, but this is a good time to brush up on the basics so you’re prepared to make the right decisions this fall.