How does the proposed COLA change affect a beneficiary’s benefit?
A beneficiary’s benefit is tied to the service retirement benefit date. If the STRS Ohio member retires on July 1, 2012, or before, and dies after that date, the beneficiary’s annual COLA remains at 2%. If the member retires after July 1, 2012, and then dies, the beneficiary’s annual COLA would be 2% under the proposed plan provided the member had been retired for 60 months. If not, the beneficiary’s COLA will begin on the fifth anniversary of the member’s retirement date.
Related Questions
- I have been told that my application for Attendance Allowance / Disability Living Allowance has been successful - how will this affect my benefit entitlement?
- What if I have limited dental benefits available through my Federal Employee Health Benefit (FEHB) Plan? How does this affect my MetLife dental claims?
- How does the proposed COLA change affect individuals who are receiving either a disability allowance or a disability retirement?
