On February 18, 2016, the Board of Retirement approved a 1.5% cost-of-living adjustment (COLA) for retired members. Members with retirement dates on or before March 31, 2016, are eligible for this year’s COLA beginning in the April 2016 benefit payment.
The COLA is based on the Consumer Price Index (CPI) for the San Diego area, which increased by 1.62% over the previous year. The CPI is rounded to the nearest one-half of one percent, resulting in a 1.5% COLA increase for 2016.
The maximum COLA varies by tier – up to 3% for retired Tier I, Tier II and Tier A members, and up to 2% for retired Tier B and Tier C members.