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Get Application For Alaska Cost-of-Living Allowance
Ka 99811-0203 TDD: (907) 465-2805 I am receiving benefits from: q Public Employees Retirement System (PERS) q Teachers Retirement System (TRS) q Both PERS and TRS systems Please check one of the following: q I am applying for COLA for the first time. q I have reached age 65 (for PERS members first hired July 1, 1986, or after) (for TRS members first hired July 1, 1990, or after). I, wish to receive Alaska Cost-of-Living Allowance (COLA) payments.
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Forfeiture FAQ
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Teachers have the option of a fully portable primary pension plan. YES Teachers vest in three years or less. contribution with them. Teacher and district contribution rates are reasonable. Teacher Pension Policy in Alaska nctq.org https://.nctq.org › Pension_Report_Card_Alaska nctq.org https://.nctq.org › Pension_Report_Card_Alaska
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COLA and Locality Pay Rates in Nonforeign Areas 2022 Nonforeign COLA Areas2022COLA Rates (%)Locality Rates (%)Fairbanks, Alaska2.4830.421Juneau, Alaska2.4830.421Other Alaska4.0130.4219 more rows Nonforeign Areas - OPM opm.gov https://.opm.gov › pay-leave › pay-systems › nonfo... opm.gov https://.opm.gov › pay-leave › pay-systems › nonfo...
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Retirees aged 65 or older and all disability benefit recipients receive 75% (5.923%) of the CPI. The PRPA for survivor benefit recipients is calculated on the member's eligibility. The CPI for the 2023 PRPA is 7.897%. If you do not meet any of the above criteria, you are not eligible.
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An Alaska Cost-of-Living Allowance is payable to benefit recipients age 65 or older, or disability benefit recipients regardless of age, who remain domiciled in Alaska after retirement. The allowance is $50 or 10% of the base benefit, whichever is greater.
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The Alaska Cost-of-Living Allowance (COLA) was established as an allowance to assist retirees, who elect to remain in state, to defray the higher cost of living in Alaska. The amount of COLA a PERS member receives is 10% of their base retirement benefit (or a minimum of $50 per month, whichever is larger).
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Is Alaska a good place to retire? Alaska is a unique retirement destination for many Americans seeking a rugged and adventurous environment. Its stunning natural landscapes, outdoor activities, and colder climate offer a distinctive retirement experience that attracts many retirees every year.
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PERS Retirement Eligibility Age 55 for normal retirement or age 50 for early retirement if you first entered the PERS before July 1, 1986 (Tier I); or. Age 60 for normal retirement or age 55 for early retirement if you first entered the PERS on or after July 1, 1986 (Tier II or Tier III). Ak DRB > PERS & TRS Defined Benefit Retirement Plan alaska.gov https://drb.alaska.gov › employee › dbrplan alaska.gov https://drb.alaska.gov › employee › dbrplan
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The Post Retirement Pension Adjustment If you meet these requirements or are age 60 to 64 on July 1, 2023, you will receive 50% (3.948%) of the Consumer Price Index (CPI) change during 2022. Retirees aged 65 or older and all disability benefit recipients receive 75% (5.923%) of the CPI. Ak DRB > PERS Newsbreak: Summer 2023, Issue 128 alaska.gov https://drb.alaska.gov › news › 07128-PERS alaska.gov https://drb.alaska.gov › news › 07128-PERS
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