Cost of Living Adjustment Approved by SDCERS' Board of Administration

Date: May 20, 2013

 

A Cost of Living Adjustment (COLA) was approved by the SDCERS’ Board of Administration at its May 17, 2013 meeting. The COLA will be applied to the retirement benefits of eligible SDCERS retirees effective July 1, 2013.
Three separate COLAs were approved and differ depending on when the eligible member retired.
 
  • Eligible retirees who retired before July 1, 2012 will receive a COLA increase of 2.0%
  • Eligible retirees who retired between July 1, 2012 and June 30, 2013 will receive a COLA increase of 1.7%.
  • Eligible retirees who are in the 1981 retirement plan will receive a COLA increase of 0.8%.
For more information, read the SDCERS’ staff report here.




Document Under Categories: COLA

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