2025 COLA APPROVED

KCERA’s actuary, Segal, 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 was approved at the Board of Retirement February 12, 2025 meeting.

The 2025 COLA will take effect 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.