PLD Consolidated Plan Recipients (COLA)
2022 Cost-of-Living Adjustment (COLA) increases
Who: Those receiving a monthly PLD benefit and are eligible for COLA in 2022.
What: Permanent Increase to monthly benefit
When: Paid as a part of your monthly benefit, beginning September 2022
How: 2.5% paid on the eligible retiree’s current benefit.
If you are covered by a PLD retirement plan that includes COLA, you are eligible for a COLA equal to any increase in the Consumer Price Index for All Urban Consumers (CPI-U) up to 2.5% if you retired on or before September 1, 2020 or earlier.