COLA_Reduction_Affects_Value_of_Pensions.pdf (349.69 kB)
How will limiting cost of living adjustments affect the value of state pensions?
reportposted on 2021-07-20, 17:46 authored by David MerrimanDavid Merriman
In this brief analysis, David Merriman takes a closer look at the proposals to adjust the cost of living adjustments (COLAs), a component of public employee pensions. His calculations show that the proposals made in the General Assembly in 2013 would significantly reduce the value of benefits, even for claimants with a relatively small pension and a high discount rate.