Benefit Payments

Overview

Benefit Payments

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Benefit Advice Notice
Your pension pay stub

Your benefit advice notice is mailed every month. This document can be helpful to find your retirement tier(s), your current tax withholdings, and to calculate your new retirement benefit including the annual COLA.

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Retiree Payroll Dates

Your monthly benefit payment will be mailed to you or directly deposited to your account on the first business day of the next month. Check the table below for upcoming retiree pay dates.

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Direct Deposit

Want to save a trip to the bank? Set up a direct deposit for your monthly retirement benefit.

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Retiree Cost of Living Adjustment (COLA)
How the COLA and the COLA Bank work

The Cost of Living Adjustment factor is determined by comparing the December CPI (Consumer Price Index) for the San Francisco-Oakland-San Jose area, for the past two years. The Board computes the resulting percentage change in the CPI. The actual COLA is dependent on your previous employment tier and your retirement date.