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Cost of Living Adjustment Update

On August 8, 2024, the DPFP Board adopted a plan that called for an immediate partial cost of living adjustment (COLA) beginning with the October 2025 monthly benefit payment for retirees, their surviving spouses and other beneficiaries who qualify. The Board’s plan calls for this COLA to be included in the deposit for your October benefit payment.

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Beneficiary Information

DPFP has been informed that there is a rumor that something has happened that impacted the active and retired members beneficiary forms on file with DPFP. That is absolutely not true. All beneficiary forms we had on file are still on file. However, active members hired more than a few years ago were not asked to fill out a beneficiary form for the pension when they joined the department. Completing the form is now a standard part of the rookie class. We encourage all members to ensure there is an up-to-date beneficiary form on file with DPFP.

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