Announcing the 2017 COLA
February 08, 2017
Today the Board of Retirement approved a cost-of-living adjustment (COLA) for all current retirees and beneficiaries as of April 1, 2017. This year’s COLA was granted as follows:
2.5% COLA for retirements on or before April 1, 1993
2.0% COLA for retirements between April 2, 1993 and April 1, 2017
The COLA, which KCERA will pay starting in April 2017, takes into account the annual change in the region’s average Consumer Price Index (CPI) and any “COLA bank” reserves accrued by the retiree in previous years. Read More
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