Supplemental COLA

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Supplemental COLA

Current Supplemental COLA

When inflation is higher than the cost of living received, the excess of inflation over the cost of living allowance (3%) is saved and placed in the SRBR account for future years when inflation may be less than the cost of living allowance. In 1998, the Board of Retirement approved a supplemental COLA which brought retirees to within 15% of their original purchasing power.

The cost of living adjustment and any supplemental COLA must be approved yearly by the ACERA Board of Retirement.