MMRA is pleased to provide PERA General retirees with an easy way to see how the cost-of-living adjustment (COLA), decided by state lawmakers, impacts your pocketbook.
Prepared by MMRA’s actuaries at AON, our calculator tells you how much your benefits were affected since 2010 when the COLA dropped from 2.5% to 1.%. You’ll also see how your benefits will continue to erode if the COLA is never restored. Simply enter the annual pension benefit you collected in 2018 and the year you retired into the calculator. Our actuary’s calculations will show you, by year, what your pension benefit is really worth relative to the cost of living, and how much money it’s costing you.
Prepared by MMRA’s actuaries at AON, our calculator tells you how much your benefits were affected since 2010 when the COLA dropped from 2.5% to 1.%. You’ll also see how your benefits will continue to erode if the COLA is never restored. Simply enter the annual pension benefit you collected in 2018 and the year you retired into the calculator. Our actuary’s calculations will show you, by year, what your pension benefit is really worth relative to the cost of living, and how much money it’s costing you.
Click HERE to use the MMRA Pension Calculator.
Questions about this calculator? Email info@mymmra.org or call (612) 379-4755 and someone from our membership team will be happy to assist you.