Announcing the 2021 COLA

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 annual change in the region’s average Consumer Price Index (CPI) and any “COLA bank” reserves accrued by retirees in previous years.