2017 Cost-of-Living Adjustment (COLA)
The Cost-of-Living Adjustment for 2017 is 0.78 per cent on base pension. This increase is effective as of January 1, 2017. The adjustment will automatically be applied to your monthly pension.
Members who retired during 2016 will receive a prorated portion of this increase. Those who retired in, or prior to, 2015 will receive a full COLA.
COLA is currently granted at 60 per cent of the increase in the Alberta Consumer Price Index (ACPI). For more information on how COLA is calculated, see the explanation of the COLA calculation or the Frequently Asked Questions. For more details on the ACPI, visit the ACPI explanation page.
Your T4A statement will be mailed out in February 2017. It will also be available on mypensionplan.ca.