January 25, 2022
KCERA’s actuary, Segal Consulting, has recommended a 2.5% cost-of-living adjustment (COLA) for all current retirees and beneficiaries as of April 1, 2022. The COLA is subject to approval by the Board of Retirement and will be considered on February 9, 2022.
KCERA will pay the 2022 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.