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What is the possible advantage of purchasing Plan E Elective COLA?

April 26, 2017advantage Cola elective Plan possible purchasing

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What is the possible advantage of purchasing Plan E Elective COLA?

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Plan E Elective COLA may help you keep up with inflation after retirement and provide a COLA benefit for your survivor upon your death. The COLA benefit may increase your retirement allowance (and survivor allowance, if any) by up to 2.0 percent per year. The actual benefit varies according to the fluctuation of the Consumer Price Index (the basis of the percentage adjustment granted by the BOR) and the amount of Plan E Elective COLA you purchase.