Lacera Cola 2024 Update Today California. Lacera determines the cola for retirees based on a formula. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.

We are pleased to announce the lacera board of retirement has approved the maximum allowed cola. Members who retired prior to april 1 and eligible survivors of members who died prior to april 1 are eligible for cola.