Missouri Code of State Regulations
Title 16 - RETIREMENT SYSTEMS
Division 50 - The County Employees' Retirement Fund
Chapter 2 - Membership and Benefits
Section 16 CSR 50-2.140 - Cost-of-Living Adjustment

(1) Eligibility for Annual Cost-of-Living Adjustment. To be eligible to receive any cost-of-living adjustment (COLA), adopted by the board pursuant to section 50.1070, RSMo, a retired Participantst must meet the following criteria:

(2) The amount of the COLA increase for a year shall be determined by the board in the first calendar quarter of each year, based on the excess of the consumer price index for the preceding calendar year over the consumer price index for the calendar year immediately prior thereto. Notwithstanding the preceding sentence, this automatic increase shall not exceed one percent (1%) per year. The total increase in the amount of benefits received pursuant to the provisions of this section shall not exceed fifty percent (50%) of the participant's accrued benefit determined as of his or her most recent separation from service.

(3) Any COLA approved by the board will be payable to eligible retirees monthly, including those who retired under the terms of the prior plan, commencing on July 1 of any given year, following the board's determination of the appropriate increase. The application of any COLA with regard to retired and rehired members is shown in Table 1 to 16 CSR 50-2.150.