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[January 29, 2001]

The Regents, at their January 18, 2001, meeting, approved an ad hoc cost-of-living adjustment (COLA) that will restore the purchasing power of UC annuitants' monthly UCRP benefits to the 85% level. The increase will be included in the January 2001 benefit, paid at the end of January.

Note: Most annuitants—whose benefits began after July 1, 1985—will not receive this COLA because their benefits have retained at least 85% of their purchasing power.

The amount of the increase varies for different groups, depending on the date benefits began.

If your benefits began: You will receive a COLA increase of:
7/2/77 — 7/1/78 14.49%
7/2/81 — 7/1/82 5.08%
7/2/82 — 7/1/83 6.63%
7/2/83 — 7/1/84 4.05%
7/2/84 — 7/1/85 1.38%
12/31/61 or earlier
7/2/62 — 12/31/62
1/1/64 — 7/1/64
7/2/65 — 12/31/65
7/2/66 — 12/31/66
7/2/73 — 1/1/74
7/2/78 — 1/1/80
7/2/80 — 7/1/81		 14.48%
1/1/62 — 7/1/62
1/1/63 — 12/31/63
7/2/64 — 7/1/65
1/1/66 — 7/1/66
1/1/67 — 7/1/73
1/2/74 — 7/1/77
1/2/80 — 7/1/80
 14.46%

A notice about this adjustment was mailed to COLA recipients on January 25th. Also, the winter issue of New Dimensions will include an article about COLAs.

If you have a question, please call UC Customer Service Center at 1-800-888-8267 between 9:00 a.m. and 4:00 p.m. (PT).

 Note
  • The information presented in these news archive articles may no longer be current. Please note the date when the article was first published.
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