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Tier 5 COLA and COLA Bank Balances as of July 1, 2010
The COLA for Tier 5 pensioners, including Tier 5 DROP participants, is capped at 3%. To determine your 2010 COLA and COLA Bank Balance, locate your retirement date in the following table:
| |
|
|
July 1, 2010 |
Initial Retirement Date |
July 1, 2009 Accumulated COLA Bank |
2010 Change in the March CPI*
|
Tier 5 COLA
|
Accumulated COLA Bank**
|
On or Before 6/1/2005 |
0.50% |
1.40% |
1.90% |
0.00% |
6/2/2005 to 6/1/2006 |
0.00% |
1.40% |
1.40% |
0.00% |
6/2/2006 to 6/1/2007 |
0.00% |
1.40% |
1.40% |
0.00% |
6/2/2007 to 6/1/2008 |
0.00% |
1.40% |
1.40% |
0.00% |
6/2/2008 to 6/1/2009 |
0.00% |
1.40% |
1.40% |
0.00% |
6/2/2009 to 6/1/2010*** |
0.00% |
1.40% |
1.40%
|
0.00% |
*All Consumers, Los Angeles-Riverside-Orange Area (1982-84)
**These are the COLA Bank Balances that will be available for use in the future.
***Members retired less than a year will receive a prorated COLA on July 1 based on the number of completed months on pension.
How We Calculated Your Tier 5 COLA Bank
Locate the table with your retirement date to see how your July 1, 2010 COLA Bank Balance was calculated.
| Retired 1/1/2002 - 6/1/2002 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2002 |
2.7% |
2.7% |
0.0% |
| 7/1/2003 |
3.6% |
3.0% |
0.6% |
| 7/1/2004 |
1.9% |
2.5% |
0.0% |
| 7/1/2005 |
3.8% |
3.0% |
0.8% |
| 7/1/2006 |
5.1% |
3.0% |
2.9% |
| 7/1/2007 |
3.5% |
3.0% |
3.4% |
| 7/1/2008 |
3.1% |
3.0% |
3.5% |
| 7/1/2009 |
0.0% |
3.0% |
0.5% |
| 7/1/2010 |
1.4% |
1.9% |
0.0% |
| Retired 6/2/2002 - 6/1/2003 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2003 |
3.6% |
3.0% |
0.6% |
| 7/1/2004 |
1.9% |
2.5% |
0.0% |
| 7/1/2005 |
3.8% |
3.0% |
0.8% |
| 7/1/2006 |
5.1% |
3.0% |
2.9% |
| 7/1/2007 |
3.5% |
3.0% |
3.4% |
| 7/1/2008 |
3.1% |
3.0% |
3.5% |
| 7/1/2009 |
0.0% |
3.0% |
0.5% |
| 7/1/2010 |
1.4% |
1.9% |
0.0% |
| Retired 6/2/2003 - 6/1/2004 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2004 |
1.9% |
1.9% |
0.0% |
| 7/1/2005 |
3.8% |
3.0% |
0.8% |
| 7/1/2006 |
5.1% |
3.0% |
2.9% |
| 7/1/2007 |
3.5% |
3.0% |
3.4% |
| 7/1/2008 |
3.1% |
3.0% |
3.5% |
| 7/1/2009 |
0.0% |
3.0% |
0.5% |
| 7/1/2010 |
1.4% |
1.9% |
0.0% |
| Retired 6/2/2004 - 6/1/2005 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2005 |
3.8% |
3.0% |
0.8% |
| 7/1/2006 |
5.1% |
3.0% |
2.9% |
| 7/1/2007 |
3.5% |
3.0% |
3.4% |
| 7/1/2008 |
3.1% |
3.0% |
3.5% |
| 7/1/2009 |
0.0% |
3.0% |
0.5% |
| 7/1/2010 |
1.4% |
1.9% |
0.0% |
| Retired 6/2/2005 - 6/1/2006 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2006 |
5.1% |
3.0% |
2.1% |
| 7/1/2007 |
3.5% |
3.0% |
2.6% |
| 7/1/2008 |
3.1% |
3.0% |
2.7% |
| 7/1/2009 |
0.0% |
2.7% |
0.0% |
| 7/1/2010 |
1.4% |
1.4% |
0.0% |
| Retired 6/2/2006 - 6/1/2007 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2007 |
3.5% |
3.0% |
0.5% |
| 7/1/2008 |
3.1% |
3.0% |
0.6% |
| 7/1/2009 |
0.0% |
0.6% |
0.0% |
| 7/1/2010 |
1.4% |
1.4% |
0.0% |
| Retired 6/2/2007 - 6/1/2008 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2008 |
3.1% |
3.0% |
0.1% |
| 7/1/2009 |
0.0% |
0.1% |
0.0% |
| 7/1/2010 |
1.4% |
1.4% |
0.0% |
| Retired 6/2/2008 - 6/1/2009 |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2009 |
0.0% |
0.0% |
0.0% |
| 7/1/2010 |
1.4% |
1.4% |
0.0% |
| Retired 6/2/2009 - 6/1/2010* |
| COLA Effective |
CPI |
Tier 5 COLA |
COLA Bank Balance |
| 7/1/2010 |
1.4% |
1.4% |
0.0% |
*Members retired less than a year will receive a prorated COLA on July 1 based on the number of completed months on pension. |
If you have questions regarding your COLA or COLA Bank Balance, please contact Retirement Services Section.
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