By Peter Hall
Retired teachers and public servants would receive a cost of living adjustment in their monthly pension payments for the first time in more than 20 years under legislation passed by the Pennsylvania House on Tuesday.
House Bill 1416 would provide increases of 15% to 24.5% to about 69,000 retired public school educators and other state employees, many of whom are in their 80s and 90s. The adjustment would go to those who retired before 2001 when pension enhancements took effect.
Read more at Pennsylvania Capital-Star: https://www.penncapital-star.com/blog/state-house-passes-cola-legislation-for-retired-public-school-teachers-and-state-workers/
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