Calpers Cola 2024 Increase Announcement. The cola takes effect the. Last year, the calpers board of administration approved health plan premiums for calendar year 2023 that represented a 6.75 percent increase from the prior year.
The 2024 basic and medicare premiums for the three association plans offered within the calpers health program will increase 9.73% and 5.98%, respectively. It compounds each number, then keeps a running total each year.