Cost-of-Living Adjustment Announced for 2019

The Cost-of-Living Adjustment (COLA) for eligible TVA retirees and beneficiaries will be 2.21% for 2019.  Eligible retirees and beneficiaries will see the increase in checks beginning January 31, 2019.

The TVARS Rules and Regulations provide that eligible retirement benefits (pension and supplementalWallet - cropped benefits) will receive a COLA based on an inflation measure, which is the Consumer Price Index – All Urban Consumers (CPI-U) – an index maintained by the U.S. Labor Department that measures the price changes in a broad group of various goods and services purchased by consumers.

Under the TVARS Rules, the COLA is calculated as the percentage change in the average CPI-U for the period of November 2016 – October 2017 to the period November 2017 – October 2018 (2.46%) minus 0.25%.