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RETIRED EMPLOYEES OF SAN BERNARDINO COUNTY The only officially recognized organization representing SB County RetireesPRIME TIME Volume 36, Number 6PRESIDENTS COLUMN I hope that all of you had a sweet.

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At the February 2023 Board of Retirement meeting, the Board approved a 3% COLA rate and with 4.5% and 5.5% COLA bank increases, depending on the plan.

There will be an 8.7% Cost of Living Increase (COLA) in 2023. Aged or Disabled: ** $1,133.73 $ 1,927.62 Blind: ** $1,211.00 $ 2,134.14 One is Blind, One is Aged or Disabled ** $ 2,055.47 ** Rates noted are for independent living only.

This is a result of the annual rate of inflation measured by the Consumer Price Index (CPI-U) that was 8% for 2022. Most state and all school agencies contract for a 2% per year COLA, and public agencies can contract for a 2%, 3%, 4%, or 5% per year COLA. Currently, 95% of CalPERS retirees have a 2% COLA.

If you have been in DROP for less than one year, your first COLA will be prorated for the partial year. This member will receive a 1.0 %COLA effective July 2023. Each July thereafter, this member will receive a 2.0 % COLA.

At the September 13, 2023 meeting, the Retirement Board determined that there will be no Supplemental COLA payable effective July 1, 2023, as there were no excess investment earnings on the Retirement Fund in the 2022-2023 fiscal year as required by Charter Section A8. 526.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232