How Much Is Cola 2024. A cola of 3.2% would raise the average monthly retiree benefit of $1,790 by $57.30, according to tscl. This year’s 4.12% inflation rate will be used to calculate the 2024 cola for calpers retirees.
That’s a huge drop from this year’s 8.7% cola , which pushed the average. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.