The LACERS Board recently approved an annual Cost-of-Living Adjustment, or COLA, of 1.9%, effective July 1, 2017.
You will receive the COLA if you are a retired LACERS Member, or an Eligible Surviving Spouse/Domestic Partner who receives a continuance benefit. The amount of COLA you receive depends on your retirement date and if you have any ‘banked’ COLA from previous years.
Effective Date of RetirementCost-of-Living Adjustment
If you retired on or before July 1, 1980 3.0%
If you retired on or after July 2, 1980 to June 30, 20171.9%
If you have been retired less than one year 1/12th of the increase for each whole month you have been retired prior to July 1st.
If you have any questions, please call RLACEI at:
1-800-678-4145 ext. 0.