Calpers Retiree Paydays 2025. For example, if you retire on december 31, 2023, your cola would be based on the cpi for 2024, and you would receive your first cola may 1, 2025. Make sure your dependents stay covered by completing the verification process.

If the first of the month is a saturday, sunday or holiday, retiree pay day will occur on the prior business day, and annuitant pay will occur on the next business day. If you retire instead on january 1,.