History of Cost-of-Living Increases

History of Cost-of-Living Increases

Rev. 01/11/2019

CPI-U Annual Average

Percent Increase

Over Previous

Year

80% of Increase (percent)

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

161.2 170.5 181.5 195.4 217.4 246.8 272.4 289.1 298.4 311.1 322.2 328.4 340.4 354.3 371.3 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6

172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 236.736 237.017 240.007 245.120 251.107

N/A 5.769 6.452 7.658 11.259 13.5234 10.3727 6.131 3.217 4.256 3.568 1.924 3.654 4.083 4.798 5.403 4.208

3.01 2.994 2.561 2.834 2.953 2.294 1.558 2.209

3.361 2.846 1.581 2.279 2.663

3.39 3.226 2.848

3.84 -0.356

1.64 3.157 2.069 1.465 1.622 0.119 1.262 2.130 2.442

N/A 4.6152

5.162 6.1264

9.007 10.8187

8.2982 4.905 2.574 3.405 2.854

1.5392 2.923 3.266

3.8384 4.3224

3.364 2.4082 2.3952 2.0488 2.2672 2.3624

1.835 1.246 1.767

2.689 2.277 1.265 1.823

2.13 2.71 2.581 2.278 3.072 -0.285 1.312 2.526 1.655 1.172 1.298 0.095 1.010 1.704 1.954

Increase Implemented

Year

Cost of Living Increase (percent)

If 65% Cap Has Been Reached (percent)

NOTES

1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4 4 4 4 5 5 4.905 4 4 4 4 4 4 4 4.32 4 4 4 4 4 4 4 4 4

4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

(1) " " " " " " (2)

(3)

2.362 (4) 1.835 (4) 1.246 (4) 1.767 (4)

2.689 (4)&(5) 2.277 (4)&(5) 1.265 (4)&(5) 1.823 (4)&(5)

2.13 (4)&(5) 2.71 (4)&(5) 2.581 (4)&(5) 2.278 (4)&(5) 3.072 (4)&(5)

0 (4)&(5) 1.312 (4)&(5) 2.526 (4)&(5) 1.655 (4)&(5) 1.172 (4)&(5) 1.298 (4)&(5) 0.095 (4)&(5) 1.010 (4)&(5) 1.704 (4)&(5) 1.954 (4)&(5)

(1)

Effective date October 1, 1977: Legislation gave a flat 4% annual increase for retirees.

No consumer price index involved.

(2)

Effective October 1, 1981: Legislation changed to 80% of the increase in the CPI-U over the previous year or 5%, whichever is

less; except those who retired on or after May 12, 1981, shall not receive less than a 4% annual adjustment.

(3)

Effective October 1, 1994: Legislation gave COLAs to all survivors which led to establishment of COLA caps for these

individuals. (HB1149, effective 8/28/94)

(4)

CLOSED PLAN: Legislation effective 8/28/97: After 65% cap is reached, 80% of increase in CPI-U (no minimum) with a

maximum of 5% . Hired after 8/28/97- 80% of increase in CPI-U, no 65% cap.

(5)

YEAR 2000 PLAN: Legislation effective 07/01/00. Retirements effective 07/01/00 or retirees electing to switch to the Year 2000

Plan on 07/01/00 will receive 80% of the increase in CPI-U on 07/01/01. Those retiring after 07/01/00 will receive 80% of the

increase in CPI-U on the anniversary date of their retirement. Maximum of 5% (no minimum) for all retirees, regardless of

retirement date.

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