Note: Starting 01/01/1980 and to date, if the last contribution was in the prior year the PAA is apportioned to the number of months. See formulas.

[a] For 2020, the board also awarded a retro-PAA (tied to 2011, 2012, 2013, and 2018 PAAs) to provide an additional increase of up to 4.8%, depending on the date of the last contribution for each retiree.

[b] For 2016, the board also awarded a retro-PAA (tied to the 2012 PAA) to provide a net increase of 1.0%.

[c] For 2015, the board also awarded a retro-PAA (tied to 2012, 2011, and 2009 PAAs) to provide an additional increase of up to 2.3% depending on the date of the last contribution for each retiree.

[d] The C.P.I. (Consumer Price Index) used for retirees 2010 PAA Calculation was a -1.48% resulting in a March 1st, 2010 PAA of -1.48%. Subsequently, to provide retirees with a net PAA of 1%, the board applied a retro-PAA of 2.48%.

[e] There was also a retro-PAA to bring all retirees whose date of the last contribution was before March 1, 2003, to 100% C.P.I. (Consumer Price Index) purchasing power.

[f] There was also a retro-PAA to bring all retirees who retired on or before January 31, 1989, to 100% C.P.I. (Consumer Price Index) purchasing power.

[g] There was also a retro-PAA to bring all retirees who retired on or before December 31, 1981, to a minimum of 90% C.P.I. (Consumer Price Index) purchasing power.

[h] There was also a retro-PAA to bring all retirees who retired in 1979 or before, up to a minimum of 80% C.P.I. (Consumer Price Index) purchasing power.

[i] There was also a retro-PAA to bring all retirees who retired in 1974 or before, up to a minimum of 70% C.P.I. (Consumer Price Index) purchasing power.