Annual Cost of Living Adjustment for eligible SDCERS retirees effective July 1, 2009

Date: Jul 01, 2009

 

A Cost of Living Adjustment (COLA) increase will be applied to the retirement benefits of eligible SDCERS retirees, effective July 1, 2009.

Three separate COLAS were approved by the SDCERS Board of Administration at its May 15, 2009 meeting, and differ depending on when the eligible member retired:

  • A COLA increase of 2.0% will be applied to the retirement benefits of eligible SDCERS retirees who retired prior to July 1, 2008.
     
  • Eligible retirees who retired between July 1, 2008 and June 30, 2009 will receive a COLA of 0.1%.
     
  • Eligible 1981 pension plan retirees will receive a 1.6% increase.

For further background, you may refer to SDCERS' staff recommendation to the Board, which approved the COLAs in May.




Document Under Categories: COLA

connect
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
  • News
website survey
    • Website Survey

00:00/00:21

00:00/00:07