Calpers Cola 2024 Increase Announcement. Purchasing power protection allowance (pppa) is a benefit designed to maintain the original purchasing power of calpers retirees to a predetermined limit. Since more than 95% of all calpers retirees receive a 2% cola, that means your employer selected that percentage as your annual cola — not calpers.

This continued into the early 2000s when lower inflation levels led to no cola adjustments in 2010, 2011, and 2016. In 2022, the cola was.