2025 COLA RECOMMENDED

KCERA’s actuary, Segal, has recommended a 2% cost-of-living adjustment (COLA) for all current retirees and beneficiaries as of April 1, 2025.  The maximum COLA is increased by an additional 0.5% (to 2.5%), with the additional 0.5% being provided through the Supplemental Retiree Benefit Reserve (SRBR). The COLA recommendation will go before the Board of Retirement at the February 12, 2025 meeting for approval.

If approved, KCERA would pay the 2025 COLA, beginning with retirees’ April benefit payments. Cost-of-living adjustments take into account the annual change in the region’s average Consumer Price Index (CPI) and any “COLA bank” reserves accrued by retirees in previous years.