Announcing the 2021 COLA
January 25, 2021
KCERA’s actuary, Segal Consulting, has recommended the following cost-of-living adjustments (COLA) for all current retirees and beneficiaries as of April 1, 2021. The COLA is subject to approval by the Board of Retirement and will be considered on February 10, 2021.
2.5% COLA for retirements on or before April 1, 2019
2.0% COLA for retirements between April 2, 2019 and April 1, 2020
1.5% COLA for retirements between April 2, 2020 and April 1, 2021
KCERA will pay the 2021 COLA, beginning with retirees’ April benefit payments. Cost-of-living adjustments take into account the Read More
January 06, 2021
The next phase of the Alameda project will be considered by the Board of Retirement at the next regular Board meeting on January 20, 2021 at 8:30am via teleconference. The Board of Retirement will be presented with an action plan to initiate the refund of over-collected contributions to the members who had special pay allowances that were affected by the California Supreme Court as part of the Alameda Decision. Discussion items will include the mode of the payments, as well as the impacts to members. The agenda will be posted on or before January 15, 2021 at www.kcera.org, and will contain Read More
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