Committee debates COLA structures as pension-funded ratios show modest differences
Ways and Means members debated whether to guarantee small, capped cost-of-living adjustments or tie increases to plan performance; staff projections show similar funded-ratio outcomes under the two proposals but members pressed for actuarial explanations.
The full story
Members of the Ways and Means panel spent the hearing debating two competing approaches to cost-of-living adjustments (COLAs) in a retirement bill: a short-term guaranteed COLA (1% with a $500 cap) versus a formula tied to a five-year rolling average of plan performance.
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