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Retired Old Plan Safety Members

Basic COLA

If you retired under a SFERS’ Safety Old Plan, you may receive an automatic adjustment to your monthly retirement benefit on July 1st of each year known as the Basic COLA. For most current Old Plan retirees, the Basic COLA  is determined by selecting the higher of:

Basic COLA Calculation

Supplemental COLA

An additional adjustment may be paid along with the Basic COLA, following years when there are sufficient excess investment earnings on the Retirement Fund. This additional adjustment is called the Supplemental COLA. The Supplemental COLA is not payable to all retirees when the Retirement System is less than fully funded based on the market value of assets.