| - The COLA is 3% effective in your July 2008 retirement check for those who retired prior to July 1, 2007. For those who retired after July 1, 2007 the increase will be prorated. The annual CPI was 3.3%, so those who retired prior to July 1, 2007 will have .3% added to their accumulated banked benefits. A copy of the accumulated banked benefits can be found here.
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