LACERA Congratulates
Newly Elected And
Reelected Board Members

At its February 15 meeting, LACERA’s Board of Retirement approved a 3.5 percent 2018 COLA increase, exceeding the maximum allowed in all plans for retirees, eligible survivors or beneficiaries, and alternate payees. The following increase will be reflected in your April 30 retirement allowance, as applicable: +3.0 percent for Plan A retirees and eligible payees; +2.0 percent for Plans B, C, D, and G retirees and eligible payees; and up to +2.0 percent for Plan E retirees and eligible payees.

The adjustment is based on the change in the cost of living from December 2016 to December 2017, as released by the Bureau of Labor Statistics Consumer Price Index (CPI) for all urban consumers in the Los Angeles—Riverside—Orange County metro area. The year-to-date change is 3.61 percent. When rounded to the nearest one-half of one percent, as prescribed by law, the result is a 3.5 percent increase.

Since this year’s 3.5 percent COLA increase exceeds the maximum allowed in all plans, the corresponding excess amount will be added to the COLA Accumulation. For more information and to view the 2018 COLA Accumulation Chart, click here.