Every year, a COLA will be applied to your ERFC benefit on March 31. Your first COLA is applied the calendar year after you retire. For example, if you retire anytime in 2024, your first COLA from ERFC will be applied to your benefit on March 31, 2025.
COLA percentages are based on the ERFC plan you retired from:
| Legacy | 2001 Tier 1 | 2001 Tier 2 |
|---|
First Year COLA
|
1.49% of your monthly ERFC benefit
|
1.49% of your monthly ERFC benefit
|
50% of the CPI-U* capped at 1.39%
|
| Second Year and Beyond COLA |
3% of your monthly ERFC benefit
|
3% of your monthly ERFC benefit
|
100% of the CPI-U* capped at 2.78%
|
* Consumer Price Index for all Urban Consumers (CPI-U) for the Washington, D.C., metropolitan area for the period ending in November of each year.
For information about VRS cost-of-living adjustments, visit the VRS COLA webpage.