Cost of Living Adjustment (“COLA”) for Fiscal Year 2020
At its May 10, 2019 meeting, SDCERS’ Board of Administration approved two Cost of Living Adjustments (“COLA”) that will be applied to eligible SDCERS retirees’ monthly benefit amount from July 1, 2019 – June 30, 2020. You will receive a COLA for Fiscal Year 2020 if your retirement date is on or before June 30, 2019. As usual, two separate COLAs were approved and differ depending on the member’s retirement date, as follows:
Members whose retirement date is before July 1, 2018 will receive a COLA increase of 2.0%.
Members whose retirement date is between July 1, 2018 and June 30, 2019 and members who are in the 1981 retirement plan will receive a COLA increase of 1.9%.
Per San Diego Municipal Code section 24.1505, the COLA is calculated every year based on the change in the cost of living between the two previous January firsts, as published by the Bureau of Labor Statistics Consumer Price Index, United States – All items. However, the maximum allowable increase in any given year is 2.0%.
If you are eligible to receive a Fiscal Year 2020 COLA, the applicable increase will be reflected in your July 2019 retirement check.
2019-2020 City Retiree Health Open Enrollment Help Day
For eligible City retirees, Health Open Enrollment for 2019-2020 will run from June 3 to June 28, 2019.
Booklets containing rates and additional information were mailed in May. You can download an electronic copy and the comparison chart here.
The City Retiree Health Open Enrollment Help Day is Friday, June 14 at the Balboa Park Club Ballroom. See directions below. There will be no formal presentations, but SDCERS staff and representatives from sponsored health plans will be available to answer questions from 10:00 a.m. – noon. You may also submit your enrollment forms directly to SDCERS staff at this event.
Directions to Balboa Park Club Ballroom:
Balboa Park Club Ballroom, 2144 Pan American Road West.
Enter Balboa Park from Park Boulevard and turn west on Presidents Way.
The Ballroom is located in the South Palisades area of the park, just north of Puppet Theater. Parking is available in the Pan American Plaza parking lot in front of the Ballroom, as well as across the street below the Organ Pavilion.
Click here for additional information