State Correction Officers and Security Hospital Treatment Assistants Plan
For ERS Tier 3 and 5 Members (Article 14-CO)
Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. You will begin receiving COLA when you are:
- Age 62 or older and retired for five or more years;
- Age 55 or older and retired for ten years; or
- Receiving a disability pension for five or more years.
When you die, if you selected an option at retirement that pays a lifetime benefit to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of the COLA amount you would have been entitled to receive.