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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

When an increase is granted, members who have been receiving a benefit for at least 18 months will receive the full increase. Members who have been receiving a benefit for at least six months, but less than 18 months, 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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