Please sign MRTA’s Petition to the Governor Regarding the PSRS/PEERS Board of Trustees. Click here to sign online OR click here for a printable version to collect signatures.
There has been some confusion. TO CLARIFY: The PSRS/PEERS Board vote on June 14th approving Option 3. MRTA recommended Option 2 by clicking here. Option 3 results in a 0% COLA when the Consumer Price Index (CPI) is 0% to 2%. This is an actuarial vote, meaning it is a 30 year policy to be reviewed every five years. This is NOT a one year reduction of COLA, you will likely not receive a COLA for at least the next five years under this policy. This could be devastating to retirees over time.
Worst Case Scenario
This is an example of how devastating it would be to not receive a COLA for 30 years. This is just an example!