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Georgia State Retirees urge larger COLAs, describe hardship from long funding gap
Summary
Representatives of the Georgia State Retirees Association told the committee that many long‑serving retirees face financial hardship because COLAs were reduced or absent for years; the group urged lawmakers to continue planned budget investments that would move systems toward an 80% funding milestone and restore meaningful COLAs.
Chuck Clay of the Georgia State Retirees Association (GSRA) urged the joint retirement committee to restore robust cost‑of‑living adjustments for state retirees, saying many pensioners face difficult tradeoffs between medicines, utilities and other necessities.
Clay said retirees have received only small adjustments in recent years and described long gaps since more meaningful COLAs were available. "For an individual who had a…
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