Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Public pension system retirees might see colas at 0.5 percent
The new approach calls for a range of 0.5 percent to as much as 3.5 percent, depending upon inflation and the retirement system’s financial strength.
The cola measure that’s been in place since 2010 provides a minimum 2.1 percent each year and a maximum 3.1 percent.
The present approach is costing SDRS more than it can afford, according to actuaries.
The larger raises snowball.
Read more: http://www.capjournal.com/news/public-pension-system-retirees-might-see-colas-at-percent/article_6aa070fe-a24b-11e6-a275-436303cf59ba.html
