OHPRS Announces 2.7% COLA Adjustment for 2026
At the June board meeting, the decision was made to provide a 2.7% COLA in 2026, to those members that qualify, and to keep the active member contribution rate at 14%. No funds will be allocated to the health care fund for 2025.
A comprehensive funding policy is utilized to guide the board in deciding about COLA for the upcoming year. This funding policy was recently updated as a result of a recommendation from the Special Committee on COLA, to allow consideration of an Exceptional Basis COLA. This modification to the policy resulted in a 2.7% COLA for eligible members in 2026 that would not have been approved otherwise.
Source - OHPRS July Newsletter
