HARRISBURG — Tens of thousands of state retirees who’ve watched their pensions stagnate as inflation rose will receive long-fought-for cost-of-living-adjustments as part of Pennsylvania’s new budget ....
HARRISBURG — Tens of thousands of state retirees who’ve watched their pensions stagnate as inflation rose will receive long-fought-for cost-of-living-adjustments as part of Pennsylvania’s new budget ... × This page requires Javascript ... ....
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer ... .
currency now buys significantly more goods and services on the local economy than it did previously, the supplemental allowance required to equalize purchasing power, commonly known as COLA, is shrinking,” according to a USFJ news release Monday.
And much of, if not all, the COLA increase will likely be swallowed by expected increases in Medicare and drug costs, they said ... How much would a 3.7% COLA mean for Social Security recipients?.