All benefit recipients who receive their annual cost of living increase in January (not July) can expect the increase to be reflected in their January 31, 2009 benefit payment.  Members who retired prior to September 1992 will receive an increase of 3%.  Members who retired on or after September 1992 will receive an increase of 1.5%.  For further information on this topic, you may refer to the Cost of Living Adjustments Bulletin (PDF 29KB).

 

For those members who chose an extra annuity of your Supplemental and/or Voluntary Account monies at retirement, the cost of living adjustment does not apply to the annuity portion of your monthly benefit.