Monday, July 13, 2009

Tom Curtis to Mike Nehf: How are STRS retired employees' (OPERS members) COLAs calculated?

From Tom Curtis, July 13, 2009
Subject: 071309 Curtis To Nehf, How Are COLA's Figured
Hello Mike,
I was wondering, since you and all STRS employees pay into OPERS, how is the COLA they pay their retirees figured.
Is OPERS' COLA one simple base amount one retired with, as is the case for an STRS retiree, or is it a compounded COLA, as so many others receive? Would you kindly respond?
Tom Curtis
P.S. I await a response from my prior email as well.
Larry KehresMount Union Collge
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