I fail to understand why the state legislators give themselves a cost-of-living adjustment to their salaries on a yearly basis, yet retirees covered under the State Employees’ Retirement System and the Public School Employees’ Retirement System have gone 12 years without any increases in our pensions.
Act 72 (Official Public Compensation Law) enables all state representatives, state senators and judges to receive this annual COLA. I cannot understand why retirees from the two retirement systems cannot receive an increase to offset inflation. There are quite a few states in the country that provide annual COLAs to state retirees and school retirees.
Because it has been 12 years without any COLAs, state retirees and school retirees have lost 24 percent on our pensions — money that could have been used to pay bills and for groceries. This is unfair and needs to be corrected ASAP. There appears to be one person who refuses to allow the bill to come out of committee and to the floor for a vote.
If the bill comes to the floor, I feel confident that enough legislators would actually pass the bill.