Cost of Living Adjustments (COLAs)
Types of COLAs and Timing
Safety & Tier 1 COLA
Every April 1st, Safety and Tier I retirees may be eligible for an annual COLA, in an amount not to exceed 3.0%, based on the change in the Bureau of Labor Statistics Consumer Price Index (CPI) for the Los Angeles-Riverside-Orange County area as of the preceding January 1st. The CPI is rounded to the nearest half percent, not to exceed 3%. If the CPI is more than the 3% COLA maximum, the excess will be “banked” and applied to a COLA in a future year when the annual change in the CPI results in an increase of less than 3%.
Retired SEIU members with eligible COLA service (Tier 2 & Tier 8) will receive a 2% COLA on that portion of service every April 1st. SEIU COLA service began on March 16, 2003, for those retired on or after March 13, 2005 and it began July 7, 2002 for those retired prior to March 13, 2005.