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
