Thursday, May 24, 2007

Three Percent COLA likely for retirees

Retired state employees and teachers could receive a three percent cost-of-living adjustment (COLA) to the pension benefits.

The Shreveport Times reports:

Resolutions and accompanying bills are making their way through the legislative process to give retired teachers a 3 percent cost-of-living adjustment. The Teachers Retirement System and the Louisiana State Employees' Retirement System report that they have funds available to cover the costs.