In retirement, eligible PERA benefit recipients receive annual increases (AI) to their monthly benefits. All AIs are paid in July and subject to change with the automatic adjustment provision.
You may have to meet certain eligibility requirements before receiving your first AI. See the Annual Increases for Benefit Recipients fact sheet for eligibility details.
The next AI will be paid in July 2023 to eligible benefit recipients. AI percentages are listed below:
|PERA benefit structure members who joined before Jan. 1, 2007 & all DPS benefit structure members||PERA benefit structure members who joined on or after Jan. 1, 2007|
|AI to be paid in July 2023||1%||1%|
|AI to be paid in July 2024||1%||The lesser of 1% or the average of the monthly CPI-W* for 2023 (to be calculated in 2024)|
* The Consumer Price Index (CPI) is published by the federal Bureau of Labor Statistics as a measure of the average change over time in the prices paid for consumer goods and services. The CPI-W stands for the Consumer Price Index for Urban Wage Earners and Clerical Workers and is a subset of the CPI.