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|Municipal Retirement Plans Analytical Report: COLAs for Local Government Employees (PDF)|
Nov. 4, 2021
21 pages. "[If] you currently offer a plan with a 3.00% annual compounding COLA, which is a reasonably popular option, you could cut the total benefits paid to a retiree who lives 40 years after retirement by almost half by eliminating the COLA.... The problem, of course, is that some current employees will scream ... So what do you do to cut the cost?"
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