All retired general state employees will receive a 3.293% COLA in 2024. MOSERS provides annual cost-of-living adjustments (COLAs) to retired members and their surviving beneficiaries. A COLA increases your pay or pension benefits to help with inflation, allowing you to maintain your purchasing power as the cost of goods and services increases.

You will receive your COLA on the anniversary of your retirement date, with the following exceptions:

• If you converted from MSEP to MSEP 2000 during the conversion window in 2000, you would receive your COLA in July.
• If you elected BackDROP, you will receive your COLA on the anniversary of your BackDROP date.
• If you are a retired inactive-vested member of MSEP 2011, you will receive your first COLA on the second anniversary of your retirement (rather than the first anniversary).
• If you are a retired legislator who took office after July 1, 2000, your benefit will be adjusted according to the increase in pay for an active member of the general assembly. No other COLAs will be provided.
• If you are a retired statewide elected official who took office after July 1, 2000, your benefit will be adjusted according to the increase in pay for an active member in that office. No other COLAs will be provided.