Board of Retirement Meeting Information: March 8, 2019 Agenda
Board approved 3% COLA
Eligible retired members receive an annual cost of living adjustment (COLA) based on the change in the Consumer Price Index (if any). SJCERA's actuary has calculated the applicable COLA to be three percent (3%). SJCERA's Board of Retirement approved the actuary's recommended COLA at its February 8, 2019 meeting. COLAs are applied to retirees' May 1 benefit payments.
SJCERA Receives Two Prestigious Financial Reporting Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded SJCERA the Certificate of Achievement for Excellence in Financial Reporting for SJCERA's 2017 Comprehensive Annual Financial Report. The certificate of achievement is the highest form of recognition in governmental accounting and financial reporting. SJCERA also received the GFOA's Award for Outstanding Achievement in Popular Annual Financial Reporting for our 2017 Popular Annual Financial Report, a prestigious national award recognizing conformance with the highest standards for preparation of government popular reports designed to be readily accessible and understandable by the general public.