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POST-RETIREMENT INCREASES

Annual increases

Each January, if specified by law, a post-retirement increase may be made to your monthly benefit.

Under current law, annual post-retirement increases are 1.0 percent. Benefit recipients who have received an annuity or benefit for at least 12 full months as of June 30 of the calendar year before the increase receive a 1.0 percent increase. Benefit recipients who have received an annuity or benefit for at least one full month, but less than 12 months, as of June 30 of the calendar year before the increase will receive a prorated increase.