Will I receive any increases to my retirement allowance?
You will - if the Retirement Board approves a Cost-of-Living Adjustment (COLA) for that year. The Board generally approves a 3% COLA on the first $16,000 of a retiree’s allowance.
You will - if the Retirement Board approves a Cost-of-Living Adjustment (COLA) for that year. The Board generally approves a 3% COLA on the first $16,000 of a retiree’s allowance.