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I’m in a contributory plan., When I retire, will cost-of-living (COLA) adjustments apply to the ARC I’ve purchased?

April 26, 2017adjustments ARC Cola contributory cost-of-living I’m I’ve Plan retire

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I’m in a contributory plan., When I retire, will cost-of-living (COLA) adjustments apply to the ARC I’ve purchased?

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Yes. The annual April 1 COLA percentage is applied to a retiree’s total monthly retirement allowance, which includes any ARC purchased. (COLA increases are subject to annual approval by the Board of Retirement.