If you are receiving a UC pension that began before July 1, you should have received a 2% COLA (cost of living adjustment) increase as of yesterday. Yes, inflation is running above 2%, but the COLA formula does not provide complete protection against inflation above 2%.
The University of California Retirement Plan (UCRP) COLA formula matches the annual increase in the California Consumer Price Index (CPI) up to 2%, plus 75% of the CPI increase exceeding 4%, up to a maximum adjustment of 6%.
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