About Us 
2008 Retiree Cost of Living
Effective April 1, 2008
On February 26, 2008 the Board of Retirement approved the automatic Cost-of-Living Adjustment (COLA) to eligible retirees that will become effective April 1, 2008.
Each year the retirees' cost of living adjustment is determined by comparing the All Urban Consumers December Consumer Price Index (CPI) for the San Francisco-Oakland-San Jose Area (1982-84 base period) for the two prior calendar years. The resulting percentage change in the CPI is then rounded to the nearest one-half percent. According to Section 31870.1, the cost of living increase cannot exceed 3.0% per year. Based on this information, retired members will receive a 3.0% cost of living increase this year. The future carry-over will be increased by 0.5% for all members retired on or before April 1, 2008.
|
Initial |
April 1, 2008 |
Reduction in Accumulated |
Increase in Accumulated |
|
|
|
|
|
|
On or Before 4/1/2007 |
3.0% |
0.0% |
.05% |