Pennsylvania budget provides COLA for retired public employees.
The Pennsylvania state budget passed in mid-July provides a cost-of-living adjustment for the pensions of retired municipal police, firefighters, teachers, and state employees on a statewide basis. The article estimates the change will benefit approximately 79,000 retirees.
Why it matters
This directly addresses the effect of inflation on the purchasing power of fixed pensions by providing financial relief to retirees.
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