Release date for 2023 COLA amounts
The 2023 COLA percentages effective July 1 for most plans have not been released. DRS will update the COLA information page when the information becomes available in 2023 (usually sometime in March). You can review the current COLA adjustments that came out in 2022 on the COLA information page.
Rumors. They sure can be wild at times. At DRS, it’s not unusual for us to speak with customers who have heard a rumor that, as it so often turns out, is not exactly accurate.
The 2023 Annual Comprehensive Financial Report (ACFR) reflects our on-going commitment to accurate and transparent financial reporting of the retirement systems.
Department of Retirement Systems recently learned of several email and phone schemes targeting public employees.