Eligible retired members receive an annual cost of living adjustment (COLA) based on the change (if any) in the Consumer Price Index. SJCERA’s actuary has calculated the applicable COLA to be up to three percent (3%), depending on COLA bank. SJCERA’s Board of Retirement adopted the actuary’s recommended COLA at its February 13, 2026 meeting. Members who retired:
- On or before April 1, 2023: 3.0%
- After April 1, 2023, but on or before April 1, 2024: 2.5%
- After April 1, 2024: 2.0%
COLAs go into effect April 1st, and are applied to retirees’ April 30th benefit payments.