Important Notices COLA and Misc

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2018

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Retirement Planning Information

SCERS provides information and counseling sessions to employees nearing retirement, free of charge. We do not use third-party vendors to contact or meet with members about SCERS benefits. 

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2017

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Incorrect Reporting Information for Retirement Benefit Payments
Regarding "Payment advice"

Please note that the February 29, 2016 ‘payment advice’ received by certain retirees and beneficiaries regarding the direct deposit of their monthly benefit payment may have contained some incorrect information. The problem is limited to those retirees and beneficiaries whose monthly benefit payment includes a separate deposit or deduction for the Sacramento Credit Union (SCU).  Instead of showing the amount of the SCU direct deposit and the amount(s) deposited into another bank account, the payment advice only reported the amount of the SCU direct deposit. This was a

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2016

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2015

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2014

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2013

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2012

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2011

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Message to SCERS Participants: Your SCERS Benefits Remain Secure

With everything that has been happening in the financial markets, and the economy generally, over the last several months, it is understandable if SCERS participants might be concerned about the impact of these events on SCERS and your SCERS retirement benefits. Accordingly, I will go right to the bottom line: SCERS remains financially strong and your SCERS benefits are secure.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2010

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2009

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2008

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.

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Important Notice Regarding the Retiree Cost-of-Living Adjustment (COLA) – 2007

The retiree cost-of-living adjustment (COLA) is governed by Section 31870 of the County Employees ‘ Retirement Law of 1937 (1937 Act). Under that section, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year. Pursuant to the law, the COLA is based on the annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-San Jose area. The law requires that this change be rounded to the nearest one-half percent.