Announcements

The first COLA to a retiree’s benefit is made on July 1st of the year in which the retired member reaches age 65 for Tiers 1 & 2, and age 67 for Tiers 3 & 4, or on July 1st of the year following the member’s retirement date, whichever is later.

Greetings and well wishes! Fall is officially underway with shorter days, coolers nights and changing colors. As winter approaches I am excited to share several big updates regarding two major projects going on with the Educational Retirement Board (ERB).

Another fiscal year is in the books for ERB and it was a positive one for the investment portfolio. For the year, we were slightly short of our 7% annual target. However, for the ending date of June 30th, we did handily exceed the target for all periods longer than one year.

ERB’s Communication team has been busy promoting and conducting our on the Road virtual series, in addition to our onsite presentations.

As a reminder, any retiree receiving a pension from the Educational Retirement Board (ERB) who wishes to employed by an ERB contributing employer must submit and obtain approval of a return-to-work application from ERB prior to work commencing.

All ERB offices will follow the closure schedule below from November 22, 2023 to January 15, 2024.* Offices will open the following business day at 8:00 a.m. November 2023 Wednesday, November 22, 2023...