Retirement Incremental Increases

In accordance with Act 6794, the Employees' Retirement System Board of Trustees may set a cost of living increase for annuitants and determine when the annuity should be paid on the basis of the most recent actuarial valuation and the Consumer Price Index.

 

If an increase is approved by the GERS' Board of Trustees, retirees who are age 60 and receiving payments for one year will receive an increase by a percentage rate determined by the Board.

Disability members receive a 1% increase after completing a year on the retirees' payroll regardless of their age.  Upon attaining age 60, the benefit is increased by 1.5%.

Please note that increases do not apply to survivor annuitants.