April 2023 Retiree COLA
At the February meeting, the Retirement Board affirmed the actuary's calculation of a 5.5% cost of living adjustment (COLA) for the plan. However, the actual amount of your retiree COLA depends upon the tier from which you retired and your retirement date.
Members with retirement dates on or before March 31, 2023 are eligible to receive the COLA, which is effective April 1 and paid in the retirement benefit received at the end of April.
All members eligible for the COLA will receive notice by mail with their 2023 percentage. You may also visit the Cost of Living Adjustment page for more on how the COLA is calculated and to see all COLA information for 2023.