[UCRDBR] July 1, 2024 Annual COLA Information for UCRP and UC-PERS Plus 5 Plan

[Departmental Benefits Representatives]

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March 19, 2024

To:
Department Benefits Representatives (DBRs)
From:
Central HR Benefits Office on behalf of UC Office of the President
Re:
July 1, 2024 Annual COLA Information for UCRP and UC-PERS Plus 5 Plan

DBRs, please share this very important information via your internal listserv.

Annual Annuitant COLA for UCRP and UC-PERS Plus 5 Plan Members

For the following Retirement or Disability Dates, the July 1, 2024 cost-of-living adjustment (COLA) for the UC Retirement Plan and UC-PERS Plus 5 Plan annuitants or benefit recipients will be:

Retirement or Disability Date
UCRP COLA
UC-PERS Plus 5 COLA
On or before July 1, 2023
2.00%
2.00%

Adjustment to HAPC for Inactive UCRP Members ("Inactive COLA")

For the following separation dates, the July 1, 2024 Inactive COLA on the HAPC for UCRP Inactive members with 1976 Tier service credit, Safety or Tier Two members will be:

Separation Date
UCRP COLA
On or before June 27, 2024
2.00%

On March 24, 2024, the 2024 Inactive COLA information will be in production in UCRAYS and used for calculations for retirement dates on July 1, 2024 and later.

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