Retirees

Spotlight PA | Many Pennsylvania state retirees say they can’t afford inflation on their stagnant pensions

by DaniRae Renno for Spotlight PA | July 27, 2023

"Enrollees in Pennsylvania’s two public sector pension funds — the State Employees’ Retirement System (SERS) and the Public School Employees’ Retirement System (PSERS) — haven’t seen a cost of living adjustment, or COLA, since 2004. Nearly 40 other states grant some sort of COLA to retirees."

The Social Security Administration and the Centers for Medicare and Medicaid Services announced changes in Social Security and Medicare benefits effective Jan. 1. AFT's Research and Strategic Initiatives Department produced a summary of changes affecting current and future retirees. Download the PDF bulletin here.

Spotlight PA | Many Pennsylvania state retirees say they can’t afford inflation on their stagnant pensions

2018 Social Security & Medicare benefit changes