Because of an inflation rise in 2015, most SamCERA retirees and beneficiaries will receive a cost of living adjustment (COLA) of either 2.0% or 2.5% this year.
The COLA applies to eligible retirees and beneficiaries retired on or before April 1, 2016, and the amount of the COLA will depend on the retirement plan. The COLA for Plan 1 and Plan 2 is 2.5%, while the COLA for Plans 4, 5, 6 and 7 is 2.0%. Plan 3 does not provide a COLA.
All COLAs will be paid beginning with the April 2016 benefit payments.