November 22, 2022 12:03 Updated Follow Yes. Retired PERF, TRF, EG&C and LE DB members will receive a COLA of 1%, beginning with their Jan. 2022 payment. Related articles Will there be a 13th check in 2021? Why would PERF, TRF, EG&C, and LE DB retirees get a COLA instead of a 13th check? How is a COLA or 13th check funded? Who determines whether PERF, TRF, EG&C and LE DB retirees receive a COLA or a 13th check? What is a supplemental reserve account (SRA)?