A Cost of Living Adjustment (COLA) was approved by the SDCERS’ Board of Administration at its May 13, 2016 meeting. The COLA will be applied to the retirement benefits of eligible SDCERS retirees effective July 1, 2016.Three separate COLAs were approved and differ depending on when the eligible member retired.
- Eligible retirees who retired before July 1, 2006 will receive a COLA increase of 2.0%.
- Eligible retirees who retired on or after July 1, 2006 will receive a COLA increase of 0.7%.
- Eligible retirees who are in the 1981 retirement plan will receive a COLA increase of 1.2%.
To view the letter sent to retirees, please click
here.
To view a list of frequently asked questions, please click
here.