Calpers Cola 2024 Increase Announcement. The purpose of this circular letter is to inform you of the 2024 compensation limits for classic and public employees’ pension reform act (pepra) members and. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Calpers determines your cola percentage by comparing the actual rate of inflation (based on the u.s. In 2024, benefits rose by 3.2%.