South Carolina Retirement Systems - Retired Members

Retired Members
Cost-of-Living Adjustments

SCRS and PORS Members
Each July 1, beginning July 1, 2008, eligible retired members of the South Carolina Retirement System (SCRS) and the Police Officers Retirement System (PORS) will receive an automatic COLA of up to 2 percent if the Consumer Price Index as of the previous December 31 is at least 2 percent.

The State Budget and Control Board, as trustees of the state’s pension trust funds, may approve an additional ad hoc COLA (up to a total COLA of 4 percent) only if certain funding guidelines have been met.

If you are an SCRS member who retires early (at age 55 with 25 years of service), you are not eligible for COLAs until the second July 1 after you reach age 60 or the second July 1st after the date you would have attained 28 years of service credit had you not retired.

GARS and JSRS Members
Contact the Retirement Systems for more information about how COLAs are applied to your annuity.