Published: September 20, 2022
At the September 2022 meeting, the Retirement Board determined that there will be no Supplemental COLA payable effective July 1, 2022, as there were no excess investment earnings on the Retirement Fund in the 2021-2022 fiscal year as required by Charter Section A8.526.
For retirees hired on or after July 7, 2012 only:
In accordance with the San Francisco Charter, any previous Supplemental COLA adjustments will now cease effective July 1, 2022, and benefits will be reduced by the amount of the previous Supplemental COLA adjustments.
