Calpers 2024 Cola Estimate. A cola of 3% — much less than this. The 2024 basic and medicare premiums for the three association plans offered within the calpers health program will increase 9.73% and 5.98%,.
That accounts for raises that drove up the state payroll by about 4.7% last year, almost 2% greater than calpers anticipated. A cola of 3% — much less than this.