Calpers 2024 Cola Update Today. If your retirement date is december 31, 2023, your cola would be based on the consumer price index for 2024, and you would receive your first cola in may 2025. The cola takes effect the.

To receive the full cola for 2024, a federal retiree’s annuity or a survivor annuity must have started no later than december 31, 2022. Calpers determines your cola percentage by comparing the actual rate of inflation (based on the u.s.