Virginia Retirement System Cola 2024. New cola effective july 1. During the virginia general assembly session each year, this page will help you track active house and senate bills that may affect vrs policy and benefits.
35 rows fairfax county retirees and drop members. Helping members plan for tomorrow, today.
Our Subcommittee Recommendations Also Include Approximately $546 Million For A 3 Percent Increase In Each Year For Our State Employees And State Supported.
Due to inflation, the cola is rising this year,.
The Code Of Virginia Caps The Annual Cola At A 3% Maximum For Plan 2 And Hybrid Retirement Plan Members, Or A 5% Maximum For Plan 1 Members.
During years of no inflation or deflation, the cola will be 0%.
Helping Members Plan For Tomorrow, Today.
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These Are Estimates Only And Are Not Intended To Provide Exact Amounts.
Your first cola is applied the calendar year after you retire.
Our Subcommittee Recommendations Also Include Approximately $546 Million For A 3 Percent Increase In Each Year For Our State Employees And State Supported.
During the virginia general assembly session each year, this page will help you track active house and senate bills that may affect vrs policy and benefits.