2020 CPI COLA Factor is 2.0513%
(Note:This only affects certain Police and Fire Retirees)
Every December, the ERS calculates the rate to be used to determine COLA factors granted to most protective service members based on the Consumer Price Index – All Urban Consumers (CPI-U). In November of 2019, the index was 257.208 as compared with 252.038 in November of 2018, an increase of 2.0513%.
The CPI COLA is calculated using the Consumer Price Index – All Urban Consumers data. The CPI statistics can be found on the U.S. Department of Labor Statistics website. Select the first index in the list presented on the website. Take the current year’s November index number and subtract the previous year's November index number. Divide this answer by the previous year's November index number.
COLA increases granted in calendar year 2020 to those protective service members whose COLA is determined by the CPI-U will be 2.0513%.