Increase (RAI) on the portion of their benefit service earned prior to July 1, 2005. This increase is often referred to as a “Cost of Living Increase,” but this is inaccurate since it is not based on economic indicators. 

• The increase will be reflected in January benefit payments.
• If all benefit service was earned prior to July 1, 2005, the entire pension benefit is subject to the 1% increase.
• If all of the benefit service occurred after July 1, 2005, no RAI is provided.
• If a portion was earned before 7/1/05 and a portion after, the increase will be less than 1%.

Since all benefit service now covered by John Hancock or Aetna occurred prior to July 1, 2005, January payments from these companies will show a 1% increase on the full payment. Retirees receiving two payments will see the 1% increase reflected in each January check or direct deposit. The increase from Athene will be based on the benefit service before July 1, 2005, and as such, the increase may be less than 1%.

Retirees who, after receiving and reviewing their January payment or payments, have a question about the RAI may call the Benefits Service Center at 1-877-860-7526 or the annuity company providing any portion of their benefit-eligible pension.