Why No COLA – Updated

Why aren’t KCPSRS Retirees getting a Cost of Living Adjustment (COLA)?

The KCPSRS Board of Trustees is acutely aware that retirees have not received a COLA since 2008, however Missouri law (Revised Missouri Statutes section 169.324.3) doesn’t not allow the Kansas City Public School Retirement System’s Board of Trustees to award a cost of living adjustment unless the following two requirements are met.  Read more here