April 2019 Retiree COLA
At the February meeting, the Retirement Board affirmed the actuary's calculation of a 4% cost of living adjustment (COLA) for the plan. The actual amount of your retiree COLA depends upon the tier from which you retired. Maximum COLAs are 2%, 3% or 4% and retirees will receive their maximum this year.
Members with retirement dates on or before March 31, 2019 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 to see your own COLA for 2019.