The Cost of Living Adjustment for 2019 is 1.5 per cent on base pension. This increase is effective as of January 1, 2019. The adjustment will automatically be applied to your pension.
Members who retired during 2018 will receive a prorated portion of this increase. Those who retired in, or prior to, 2017 will receive a full COLA.
COLA is currently granted at 60 per cent of the increase in the Alberta Consumer Price Index (ACPI).
Your T4A statement will be mailed out in February 2019. It will also be available on mypensionplan.ca.