WHY NO COLA? UPDATED FOR 2024

The Social Security Administration announces the new rate annually in October.  The increase, announced in October, is 8.7% above this year.  The new COLA will go into effect January 2024. 

Per Missouri law (RSMO 169.324.3,) the Kansas City Public School Retirement System (KCPSRS) is prohibited from granting a COLA unless the following two requirement are met: