According to Retirement Security Plan provisions, retirees receiving an RSP pension may be eligible for an annual cost-of-living adjustment (COLA) effective April 1, 2018.
This increase applies to retirees who have received benefits for 12 months as of March 31, 2018.
In accordance with the Plan Document, the actuaries for the Plan determine if there will be an increase by looking at the change in the CPI (Consumer Price Index). Using the appropriate formula, they determine if there will be an increase and if so what the percentage will be. There will be an increase of 2.13% effective on your April 1, 2018 annuity payment.
If you have any questions regarding the COLA or the Retirement Security Plan, please feel free to contact Fannie Layer at 972-941-5019 or email@example.com.