June 08, 2023
Cost of Living Adjustment - Effective 7/1/2023
The MAGISTRATES RETIREMENT FUND is pleased to announce that the Board of Commissioners approved a Cost of Living Adjustment (COLA) for all current and future retirees. The 1.5% increase is effective 7/1/2023. Current recipients will see this change on the payment issued on the last banking day of July 2023. Should a current benefit recipient require an update to their tax withholdings, please complete and return the
Income
Tax Withholding Declaration Form
.
The Fund also mailed a letter to all active members of the Fund to provide the updated monthly dues amount. Please be on the lookout for this correspondence.
We are so pleased to share this news with you. Please contact our office with any questions or concerns.