How the Florida FRS COLA works
Florida FRS pays a cost-of-living adjustment each July. For members whose entire career was before July 1, 2011, it is 3% a year. For members with service on both sides of that date, the 3% is multiplied by the share of service earned before July 2011. Members who joined on or after July 1, 2011 receive no COLA.
July 20263% × your share of pre-July 2011 service
Example20 of 30 years before July 2011 = 2% a year
What to expect in 2027
The next adjustment comes with the July 2027 payment, at the same prorated rate.
What a COLA is worth over time
On a $3,000 monthly pension, a 2% simple increase adds $60 a month every year, so after 20 years the check is $4,200. A 2% compounded increase reaches about $4,460. A plan with no automatic increase stays at $3,000 unless lawmakers act, and at 3% inflation that check buys about 45% less after 20 years. Our COLA guide compares how other plans handle it.