Post-retirement increases are not guaranteed. However, your benefit may be increased periodically after retirement to help you keep up with the cost of living. If any increase is provided, either there must be investment gains pay for it, or there will have to be additional employer contributions to pay for it. Those are the two ways that money comes into the Retirement Systems: contributions and investment returns.

It is up to the LGERS Board of Trustees to decide whether to increase benefits and whether to appropriate funds to support that goal.

One-time supplements or increases are usually figured as a percentage increase in your monthly benefit, and, if applicable, the monthly benefit paid to your beneficiary after your death under Options 2, 3, 6-2, and 6-3.