b'Adam VanGerpen PhotoCOST OF LIVING ADJUSTMENTSEFFECTIVE JULY 1The size of any years Cost of Living Adjustment (COLA) is based on the Los Angeles Area Consumer Price Index (CPI) for All Urban Consumers, as published by the U.S. Bureau of Labor Statistics for the previous one-year period ending March 1. Tiers 1 and 2 members have an uncapped COLA, while members in Tiers 36 have a 3% maximum COLA. However, Tiers 5 and 6 members have a COLA bank to store amounts above the 3% maximum.7.40%8.00%7.00%5.10%6.00%3.60% 3.40%5.00%2.40% 2.40% 2.70% 2.70% 3.00% 2.50% 2.50% 3.00% 3.00% 3.00%4.00%3.00%0.50% 0.50% 1.00% 1.00%2.00%0.10% 0.10%1.00%0.00%14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24Tiers 1 & 2 Tiers 3 - 6NOTE:For years in which the COLA as shown in the chart is below 3%, members in Tiers 5 and 6 may receive up to 3% depending on their available COLA bank balance.SECTION 6 Statistical 133'