Published: February 20, 2019
The SFERS Retirement Board approved the Basic Cost of Living Adjustment (COLA) for qualified miscellaneous retirees and New Plan Safety retirees or their entitled beneficiaries. Effective July 1, 2019, in accordance with Charter Section §A8.526, qualified SFERS members who retired on or before July 1, 2019, will receive a cost of living adjustment in the amount of 2% based on their June 30, 2019 gross SFERS retirement allowance. The Basic COLA is payable on the check dated July 31, 2019. If you are eligible to receive the Basic COLA increase, you will notice an increase in the gross amount of your July 31, 2019 allowance when compared to the gross amount of your June 30, 2019 allowance.