How is the Cost-of-living adjustment (COLA) applied each year to my retirement allowance?
California Government Code requires that each year, prior to April 1, the Board of Retirement (BOR) will determine whether there has been an increase or decrease in the cost of living, as reflected in the Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the Los Angeles-Anaheim-Riverside area. If the BOR approves a COLA, the adjustment is reflected in the April allowances of retirees and eligible survivors. The provisions of COLA vary according to your LACERA Plan. For additional information, visit the Plan Book section on lacera.com.
