This page contains updates concerning SCERS’ Final Compensation Review Policy affected by the July 30, 2020 in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (“Alameda”). That decision has had important implications for SCERS and its members, possibly impacting the calculation of retirement allowances.
The retiree cost-of-living adjustment (COLA) is based on the average annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-Hayward area. According to the County Employees Retirement Law of 1937, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st of each year.