COLA Report

The current Consumer Price Index (CPI) is 1.16%, which means that unless there is a change in COLA policy retirees likely will not get a COLA for 2018. Currently, PSRS/PEERS needs a 7.75% rate of return on their investments to fund the system. The last reported rate of return they are receiving is 8.8%. It is MRTA’s opinion that a policy change is feasible. Below is a copy of the letter MRTA Executive Director Jim Kreider mailed to the Chairman of the PSRS/PEERS Board of Trustees Aaron Zalis and PSRS/PEERS Executive Director Steve Yoakum on May 18, 2017.

PSRS PEERS Letter of Request

2 thoughts on “COLA Report

    • The divorce pop up portion of the bill could affect anyone who divorces after September 1, 2017 but it is all dependent on how your divorce decree is written. The bill is not retroactive.

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