COLA Update OPERS Considering Adjustment to Retiree COLA
As was the case when OPERS made landmark pension plan changes in 2012, times are changing. Our retirees are living longer, requiring us to pay benefits for many more years than in the past. Further, we are in a decades-long period of low inflation.
With this environment in mind, we have begun to gather feedback about potential changes to the cost-of-living adjustment that would affect current retirees.