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Sun Nov 6, 2016, 08:48 PM

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 systemís financial strength.

The cola measure thatís 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

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