Eligible retirees of the Arkansas Public Employees Retirement System (APERS) will receive their three percent (3%) cost of living adjustment (COLA) on July 1, 2011.
While the state is eliminating COLA raises to state employees, current retirement law provides for a three percent (3%) COLA to all APERS retirees who have been retired or participated in the Deferred Retirement Option Plan (DROP) for at least twelve months on July 1 of each year.