Cost Of Living Adjustment 2024 For Employees In Florida. Hb 151 and sb 242 restore the 3% cost of living adjustment to the florida retirement system pension plan. Because of our union’s power and influence in the legislature, we’re excited to share that the budget has passed, and state members will receive a cola of 6.55% on january 1, 2025.

If passed, some 151,000 retired state, county and. We don’t have to wait until.