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Attorney questions why 2024 retirees were excluded from 2025 COLA; board agrees to share actuary letter
Summary
An attorney representing a retiree asked the Lawrence County Retirement Board on June 3 why people who retired during calendar year 2024 were not included in the county's cost‑of‑living adjustment for 2025.
An attorney representing a retiree asked the Lawrence County Retirement Board on June 3 why people who retired during calendar year 2024 were not included in the county's cost‑of‑living adjustment (COLA) that went into effect in January 2025.
The question came from attorney Michael Joanna, who said he could find no statutory or regulatory language that established a practice of excluding retirees who retired during the prior calendar year. "I could not find where there was language in the statutes or the regulations or the rules that said that only retirees from the prior year would be entitled to the COLA for the subsequent year," Joanna told the…
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