[April 5, 2010]

Benefit recipients of the University of California Retirement Plan (UCRP) will receive a cost-of-living adjustment (COLA) beginning July 1, 2010. The increase will appear in checks paid at the end of July.

The 2010 COLA is based on the 1.61 percent average increase in the Consumer Price Index (CPI) measured February 2009 to February 2010 for the Los Angeles and San Francisco metropolitan areas. 

The July 1, 2010 COLA rates for UCRP members or benefit recipients will be as follows:

How the COLA is calculated

The UCRP COLA formula generally matches the cumulative increase in the CPI up to 2 percent annually. This year, members who retired before July 2, 2006 will receive a 2 percent COLA. The larger COLA helps those UCRP recipients retain more of their purchasing power by partially making up for the years of inflation greater than 2 percent that were not matched by the UCRP COLA.

*UCRP provides a COLA for recipients of UCRP disability, Death While Eligible (DWE), Pre-Retirement Survivor and Survivor Income.

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