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Section IV: PLAN E ELECTIVE COLA 1. Q: What is Plan E Elective COLA?

April 26, 2017Cola elective IV Plan section

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Section IV: PLAN E ELECTIVE COLA 1. Q: What is Plan E Elective COLA?

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Elective COLA is a provision that offers you the opportunity to purchase a cost-of-living benefit for the portion of your allowance that is based on service credit earned prior to June 4, 2002 (this service credit is not eligible for Automatic COLA). If you purchase Plan E Elective COLA, you will become eligible to receive a cost-of-living benefit on a greater portion of your retirement allowance.