Cost-of-living adjustments (COLA) are effective each January and are applied to your ATRF pension (including the Advance & Reduction Option) before income tax is deducted.
For the pension payable on pensionable service to December 31, 1992, the COLA is calculated at 60% of the change from year to year in the Alberta Consumer Price Index (ACPI).
For the pension payable on pensionable service from January 1, 1993, the COLA is calculated at 70% of the change from year to year in the ACPI.
Plan members who received a pension for less than 12 months in the previous year receive a pro-rated adjustment.
If you withdraw from employment and are entitled to receive a pension at some future date and you decide to leave your pension benefit in the Plan, your deferred pension will accumulate any cost-of-living increases that are granted during the deferral period.