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Calpers Cola Increase 2024 Update Today. The compensation limit for classic members for the 2024 calendar year is $345,000. These facts should also provide.

The cola takes effect the second calendar year after retirement to help retirement benefits keep up with the rate of inflation. Check out our extensive guide on calpers cola 2024 to learn about the 2024 cost of living adjustment (cola), the recent changes to the cola program, and how to calculate the cola for calpers.