April 2018 Retiree COLA: 3%
At the February meeting, the Retirement Board affirmed the actuary's calculation of a 3% cost of living adjustment (COLA) for the plan. The actual amount of your retiree COLA depends upon the employer and/or tier from which you retired, and your date of retirement. Maximum COLAs are 2%, 3% or 4%.
Members with retirement dates on or before March 31, 2018 are eligible to receive the COLA, which is effective April 1 and paid in the retirement benefit received at the end of April.
Visit the Cost of Living Adjustment page for more information on how the COLA is calculated and how to determine your own COLA for 2018.