City of Burlington, Vermont City of Burlington, Vermont

City Hall, 149 Church Street, Burlington, VT 05401
Call Us 802-865-7000 M-F 8-4:30pm   Email Us

 

How is my benefit protected from the effects of inflation?

The System provides for cost of living increases matching the Consumer Price Index up to 5%. At the time of retirement you have three choices in terms of the cost of living increases. You can choose the normal accrual rate (2.75% or 2.65% depending on your hire date) with the full cost of living increase payable. You can choose a higher accrual rate (3.25%) with half the cost of living increase payable. Finally you can choose an even higher accrual rate (3.80%3.60%) with no cost of living increase payable. BPOA employees hired after 7/1/06 and BFA employees hired after 1/1/07 only have the 2.65% Full COLA option.