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There was no cost of living adjustment (COLA) increase approved for PERF members.
A PERF member will receive a 13th check by Oct. 1, 2014. The member must be retired or disabled on or before Dec. 1, 2013, and eligible for a monthly benefit on July 1, 2014. The amount of the check is determined by the member’s years of creditable service at retirement.
A survivor or beneficiary of the member may be eligible for the check. The amount of the check will be distributed in equal shares if the member has two or more survivors or beneficiaries.