Calpers Cola 2024 Increase Announcement Today. Calpers cola increase 2024 update today. Biden made plans for the 5.2% raise official in august, after first including it in the fiscal 2024 budget proposal in march.
Purchasing power protection allowance (pppa) is a benefit designed to maintain the original purchasing power of calpers retirees to a predetermined limit. Gavin newsom wants to use a previous debt payment for next year’s expenses.