Retiree groups urge Plan 1 ongoing and interim ad‑hoc COLAs during public comment
Retiree organizations asked the Select Committee to develop a pathway for an ongoing, CPI‑based COLA (up to 3%) for Plan 1 beneficiaries and to authorize an annual ad‑hoc 3% COLA until an ongoing COLA can be implemented. Speakers emphasized lost purchasing power and asked to participate in drafting options.
The full story
Representatives of retiree organizations used the public‑comment period to press the committee for cost‑of‑living adjustments for Plan 1 retirees.
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