2021 Cost-of-Living Adjustment (COLA)
January 27, 2021 – Board approves 2021 retiree COLA


The Retirement Board voted to adopt the automatic cost-of-living adjustments (COLA) at the January 27, 2021 Board meeting as calculated by CCCERA’s actuary, Segal Consulting.

The COLA will be effective April 1, 2021 and the amount will be reflected in the May 1, 2021 benefit payment. 

  • General Tier 1, General Tier 3 (service retirement only), PEPRA General Tier 4 (3% COLA), PEPRA General Tier 5 (3% or 4% COLA and service retirement only), Safety Tier A and PEPRA Safety Tier D retirees with a maximum annual COLA of 3%:
    • Members who retired on or before April 1, 1982 to March 31, 2019 will receive a 3% COLA.
    • Members who retired April 1, 2019 to March 31, 2021 will receive a 2% COLA.
  • General Tier 2, General Tier 3 (disability retirement only) and PEPRA General Tier 5 (3% or 4% COLA and disability retirement only) with a maximum annual COLA of 4% will receive a 2% COLA.
  • PEPRA General Tier 4 (2% COLA), PEPRA General Tier 5 (2% COLA), Safety Tier C and PEPRA Safety Tier E retirees with a maximum annual COLA of 2% will receive a 2% COLA.

The COLA adjustment is based on the Bay Area Consumer Price Index (CPI), which varies depending on a yearly survey of the cost of goods and services. Our actuary computes the COLA based on cost comparisons between the previous two years (December of 2020 and December of 2019). The CPI can go up, down, or remain unchanged, depending on the results of this survey. Likewise, the COLA component (only) of a retiree’s benefit may go up or down to reflect changes in the CPI.

Please click here for more information on how the automatic COLA works.

See the complete COLA rate sheet and Segal Consulting’s discussion of the rates:
Download 2021 COLA Letter