2023 Cost-of-Living Adjustment (COLA)

This year’s 2.0% Cost-of-Living Adjustment (COLA) will be effective April 1, 2023. The SBCERA Board of Retirement approved the COLA for Retirees and Beneficiaries at its Board meeting on February 2, 2023.

RETIREES 

You can expect to see it reflected in your April 28, 2023 benefit payment. The SBCERA Board of Retirement approved the COLA for Retirees and Beneficiaries at its Board meeting on February 2, 2023. 

ACTIVE MEMBERS

Members who retire on or before April 1, 2023, will receive the 2.0% COLA, and the increase will automatically be included in benefit payments beginning April 28, 2023. 

You can find more information on our website at www.SBCERA.org/COLA.