Tag: eliminated cost-of-living-adjustments

Scavenger,(local,Government,Staff),Sweeping,Leaves,On,Ground,With,Brick

The brief’s key findings are: Since the financial crisis, 17 states have reduced, suspended, or eliminated cost-of-living-adjustments (COLAs) for public employee pensions. This response was surprising as current employees and retirees tend to be legally shielded from benefit cuts. But the COLA cuts have largely been upheld in the courts under the rationale that –…