FAQ: Retirement > MERS > Retiree

Retirement > MERS > Retiree > Cost-of-Living Increase

5. When do I receive a cost-of-living increase and how much will it be?

You will be eligible for an annual cost of living adjustment (COLA) payable on the July 1st following your retirement date and each July 1st thereafter. The COLA for non-disability retirements will range from a minimum 2.5% to a maximum of 6% based on a formula which takes into account a portion of the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the 12 months immediately preceding your COLA anniversary date. For disability retirements, the COLA will range from a minimum of 3% to a maximum of 5% based upon the performance of the fund’s investments.