Increases Range From $15k to $22k
Since local retirement boards have until July 1 to approve a new 2025 COLA, we typically wait until the next (October Voice) to provide a complete rundown of the COLA Bases for all 104 retirement systems. We intend to follow that practice again this year.
But, in the interim, we’ll take the opportunity in this issue of The Voice to report on those retirement systems that have adopted a higher base for this coming July 1.
“Back in 2010 , the opportunity presented itself for the Association to insert in a municipal relief law (Chapter 188) a provision that allows local retirement systems to increase their COLA Base,” according to Association Counsel Bill Rehrey. (See related article on COLA History, p. 9.) “And, over the past 15 years they’ve been doing just that.”
Listed below are the latest systems that will be increasing their Base effective July 1. It should be noted that these systems have increased their Base more than once over the years.
Rehrey continued, “We thank them for improving the COLA for their retirees and survivors and look forward to more good news like this in the near future.”
