State worker COLA push could hit dead end - The Tallahassee 100

Feb 10, 2024 · The House Appropriations Committee unanimously approved a bill that would bring back a 3% cost-of-living adjustment for members of the Florida Retirement System …

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State Worker COLA Push Could Hit Dead End - The Tallahassee 100

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Feb 10, 2024 · The House Appropriations Committee unanimously approved a bill that would bring back a 3% cost-of-living adjustment for members of the Florida Retirement System …

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Legislative Panel Says 'yes' To Boosting State Pensions For Retired …

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A Florida House panel Thursday unanimously OK'd a proposal to boost the pensions of roughly a million state workers and retirees with an annual cost-of-living increase of 3%. A pension cost …

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State Retirees Call On Lawmakers To Make 'cost-of-living ... - MSN

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The General Assembly has not passed any new COLA legislation since 2002, leaving many state and school retirees living on less than $20,000 a year. ... meaning that state and school …

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Member COLA A Sticking Point In Legislative Branch Bill Talks

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Mar 7, 2024 · House Democrats had tried to remove the anti-COLA language in their fiscal 2020 bill, which would have led to a 2.6 percent, or $4,500 pay increase. But bipartisan opposition at …

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FAQs about State worker COLA push could hit dead end - The Tallahassee 100 Coupon?

Will colas be a hot-button issue in next gubernatorial election?

COLAs are shaping up to be a hot-button issue in next year’s gubernatorial election. Retirees received no COLA this year despite relatively high inflation. Former Gov. Chris Christie signed bipartisan legislation in 2011 that suspended COLAs, a controversial move that helped ease the load on the pension system. ...

Will Florida add a 3% Cola?

The House Appropriations Committee unanimously approved the bill ( HB 151 ). It would add a 3% COLA for members of the Florida Retirement System enrolled before July 1, 2011, and it would apply to the first $150,000 of annual benefit. ...

Will a revived Cola continue to grow as more workers retire?

With the multi-billion-dollar liability in the equation, Stranburg warned, the bill for the revived COLA would continue to grow as more workers retire: “We believe there are other solutions to compensate our public servants that are more fiscally sound and do not bind future legislators to these costs.” ...

Will a Cola boost a pension?

The legislation gives an immediate boost to the monthly pension of 151,000 retirees and pension COLAs to all current workers. Since 2011, inflation has eroded more than a third of the purchasing power of a dollar. For example, without a COLA, a 2011 average FRS pension of $18,625 would have lost about $7,000 in purchasing power by 2023. ...

Could the White House have reached a dead end on Su?

Despite the poor optics of a flailing Labor secretary nominee, the White House has not changed up its strategy to get her over the top, a sign that they could have reached a dead end. Meanwhile, Republicans have been consistent in their opposition to Su throughout the nomination process. ...

Did Biden's Labor Secretary nominee reach a dead end?

Acting Labor Secretary Julie Su listens to a question during a House Education and Workforce Committee hearing to discuss the policies and priorities of the Department of Labor on Wednesday, June 7, 2023. President Biden’s Labor secretary nominee appears to have reached a dead end in the Senate. ...