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Annual cost of living adjustment

Seattle Mun. Code § 4.36.615
in effect
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4.36.615 - Annual cost of living adjustment A. Effective with the retirement benefit payable on or about December 1 of each year, a member's or beneficiary's adjusted benefit shall be increased by 1½ percent, except as otherwise provided in this Section 4.36.615. B. For any calendar year, the member or beneficiary shall receive the greater of: 1. the adjusted benefit; or 2. 65 percent of the indexed benefit. Pursuant to Ordinance 120685, effective January 1 of the year the Retirement Board files with the City Clerk notification that the funding ratio of the retirement fund is 100 percent or higher, subsection 4.36.615.B.2 shall read "Seventy percent of the indexed benefit." (Ord. 125109, § 36, 2016; Ord. 124574, § 33, 2014; Ord. 120685, §§ 2, 3, 2001; Ord. 120656, § 4, 2001; Ord. 119360 § 2, 1999: Ord. 119275 § 5, 1998.)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT4PE_CH4.36CIEMRESY_4.36.615ANCOLIADFetched: 11/1/2026

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4.36.615 | Corpus