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Post-Retirement Increases (effective Jan. 1, 2015)

On Jan. 1, 2015, TRA benefit recipients will receive a 2.0 percent increase in the monthly benefit amount received. Under legislation passed in 2010, increases will remain 2.0 percent annually for subsequent years. Upon reaching a market value funded ratio of 90 percent, the annual increase would be restored to 2.5 percent. Omnibus Retirement Bill 2010

Benefit recipients who have received an annuity or benefit for at least 12 full months as of June 30 of the calendar year before the increase receive a 2.0 percent increase. Benefit recipients who have received an annuity or benefit for at least one full month, but less than 12 months, as of June 30 of the calendar year before the increase will receive a prorated increase.

Historical Record

Post-Retirement Benefit Increases* Starting in 1972

Effective Date
of Increase
January 1
Percentage
of Benefit Adjustment
2015 2.0%
2014 2.0%
2013 2.0%
2012 0.0%
2011 0.0%
2010 2.5%
2009 2.5%
2008 2.5%
2007 2.5%
2006 2.5%
2005 2.5%
2004 2.103%
2003 0.74%
2002 4.49%
2001 9.53%
2000 11.14%
1999 9.8%
1998 10.1%
1997 8.0%
1996 6.4%
1995 3.98%
1994 6.017%
1993 4.553%
1992 4.295%
1991 5.10%
1990 4.040%
1989 6.918%
1988 8.054%
1987 9.792%
1986 7.884%
1985 6.905%
1984 7.499%
1983 6.853%
1982 7.436%
1981 3.209%
1980 0%
1979 0%
1978 4.0%
1977 0.0%
1976 0.0%
1975 0.0%
1974 11.537%
1973 4.50%
1972 2.50%

*Once retired, each January, post retirement increases may be applied to benefits, if specified under current law.

 

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