Retirement - State Retirement & Pension System

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Retirement - State Retirement & Pension System

Members may retain eligibility for subsidized health benefits for themselves and/or their dependents based on their years of service at the time of retirement.  Refer to the Benefits Guide for specific details and criteria.
 
After retirement with the SRPS, a cost-of-living adjustment (COLA) may be applied each July to help benefit payments keep pace with inflation.  The COLA is dependent upon whether the SRPS reaches its investment target, which is based on increases in the average Consumer Price Index - All Urban Index as determined by the U.S. Department of Labor.  Members must be retired at least one year as of July 1st to be eligible to receive the adjustment.
 
updated 7/23/2015
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