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2021_MERS_COLA.pdf
View a list of employers eligible for COLA.
All members of these 58 plans who retired before June 30, 2012 and were previously receiving or eligible for a COLA - will receive a COLA beginning the month following their retirement date in 2021.
General MERS members of these plans who retired after June 30, 2012 – will be eligible to receive a COLA three years after your retirement date or at their Social Security Normal Retirement Age, whichever is later.
SOCIAL SECURITY NORMAL RETIREMENT AGE
Police and Fire MERS members of these plans who retired between July 1, 2012 and June 30, 2015 will be eligible to receive a COLA three years after their retirement date or when they reach age 55, whichever is later.
Police and Fire MERS members of these plans who retired after June 30, 2015 - will be eligible to receive a COLA three years after their retirement date or when they reach age 50, whichever is later.
Teachers’ Survivor Benefits: Current eligible beneficiaries of the Teachers’ Survivor Benefit receive the same COLA granted to members of Social Security. The increase, which begins in January 2021 is 1.3%, as announced by the Social Security Administration in October 2020.
