The COLA for 2024 is as follows:
- Tiers 1 & 2 = 3.4 %
- Tiers 3 & 4 = 3.0 %, no COLA bank
- Tiers 5 & 6 = 3.0%, 0.4% added to COLA bank
Your Pension Tier is determined by the date you were hired. Note that there are certain exceptions that may occur based on personnel actions, such as reappointments, reinstatement, and elections to transfer tiers.
- Tier 1: Before January 29, 1967
- Tier 2: January 29, 1967 – December 7, 1980
- Tier 3: December 8, 1980 – June 30, 1997
- Tier 4: July 1, 1997 – December 31, 2001
- Tier 5: January 1, 2002 – June 30, 2011
- Tier 6: July 1, 2011 – Present
Questions about your COLA and Pension Tier? Contact the Los Angeles Fire & Police Pension (LAFPP) Retirement Section at rs@lafpp.com or (213) 279-3125.