If you are a retiree from a Defined Benefit Retirement Plan, the Guaranteed Annual Benefit Adjustment (GABA) may increase your retirement benefit, if you are eligible. 

Before you receive an increase under GABA, you need to have received your benefit for at least 12 months. Once eligible, you may receive your first increase in your retirement benefit payment that following January. 

For example: if you retire on July 1, 2022, you will meet the 12-month requirement on July 1, 2023. You may then receive your first GABA increase beginning with your January 1, 2024 benefit. 

The GABA applies to: 

•  Service Retirement Benefit;
• Early Retirement Benefit;
• Disability Retirement Benefit; and
• Survivorship Benefit.

GABA also applies to recipients, other than members, such as contingent annuitants and survivors. It does not apply to a person receiving the lumpsum death payment as an annuity. 

GABA Rates According to Hire Dates: 

• 3% for members hired before July 01, 2007; 
• 1.5% for members hired between July 01, 2007 and June 30, 2013; and
• 0 – 1.5% (on a sliding scale) for members hired on or after July 01, 2013. The GABA for this group depends on actuarial estimates of amortization periods for PERS funding. 

 Since the beginning of the retirement system, PERS has undergone many market upturns and downturns. Along the way, adjustments have been made to ensure the stability of the system. Going forward, more adjustments may be made that could affect only future PERS members.