2023 COLA OF LIVING ADJUSTMENT

Board voted 3% on first $13,000

Board voted 3% on first $13,000

On March 8, 2023, the Board approved a Retiree COLA for FY2024. The amount of the COLA will be 3% on the first $13,000 of your benefit. (Maximum COLA of $390 ($32.50/mo)

This means that all retirees/ survivors who were retired on or before June 30, 2022 are eligible for the COLA.

FY2024 COLA will be effective on July 1, 2023 and will be first reflected in your July Benefit payment.

Posted: to General News on Thu, Jul 6, 2023
Updated: Thu, Jul 6, 2023