3% COLA Adopted for Retirees
Eligible retired members receive an annual cost of living adjustment (COLA) based on the change (if any) in the Consumer Price Index. SJCERA’s actuary has calculated the applicable COLA to be three percent (3%). SJCERA’s Board of Retirement adopted the actuary’s recommended COLA at its February 10, 2023 meeting. COLAs are applied to retirees’ May 1 benefit payments.
Save the Date! May 4
Join SJCERA for Understanding Your Retirement Webinar on Thursday, May 4. This 60-minute presentation explains your SJCERA retirement benefit including what it means to be vested, how your benefit is calculated, how to purchase service credit and more. Register on the Retirement Planning page. You will receive the Zoom link via email immediately after you complete your registration.
2023 Open Enrollment Begins May 1
Open Enrollment for County-sponsored health plans is May 1-26. New premiums, and any changes you make during open enrollment will be effective July 1, 2023 through June 30, 2024. Your current plan selections and covered dependents will remain in effect if you do not submit a form requesting changes. Refer to SJC Human Resources page for more information.