Cost of Living Adjustments (COLA) are not automatic. Granting COLA requires an annual vote by the Hampshire County Retirement Board. COLA may only be granted on the base amount of the first $13,000 of your benefit. Only those who have been retired for at least one full year (i.e. having retired on or before June 30th of the prior year) are eligible for COLA effective on July 1 of the current year.
Appears in: Retired Members