Tier 1 retirees are eligible to receive a cost of living
adjustment (COLA) annually.
This adjustment is effective April each year and is first payable in April’s month-end payment.
The MercedCERA Board voted unanimously via roll call vote to
approve the Cost of
Living Adjustment rate recommended by Cheiron for 3% to Tier I retirees who retired
on or after April 2, 2022 through April 1, 2023, and a 2% Accumulated Carry-Over.