California Cola Increase 2024. Based on what we know so far, it's looking like next year's raise won't be quite as. Tiers 5 & 6 = 3.0%, 0.4% added to cola bank.

For reference, the state budget assumes that its existing labor agreements with state employees will increase state costs in 2024‑25 by $1.3 billion ($676 million general fund). Retirees receive an annual cola paid in the may 1 warrant of each year.