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Major Costs and Risks Associated with Restoring the Florida Retirement System's Cost-of-Living Adjustment
Reason Foundation 
[Opinion] Feb. 9, 2024 "Facing overwhelming growth in annual pension costs in 2011, the Florida state legislature elected to suspend the Florida Retirement System's cost-of-living adjustment (COLA) for state workers who retire after that date.... [A] new proposal ... seeks to reinstate the costly COLA feature, which could again expose the state and taxpayers to unpredictable costs. It is crucial that policymakers explore this proposal's potential costs and risks before setting the state's pension funding progress back." |
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