Redesigning Cost of Living Adjustments Would Improve PERA Sustainability

In Politics by Michael Rae

Cost-of-living adjustments are designed to protect retirees against inflation. When the Public Employees Retirement Association’s cost-of-living adjustment is untied from inflation it serves more as an annual pay raise for retirees—at the expense of active and future employees.
Pension Debt Presents a Growing Challenge to New Mexico

New Mexico Gov. Michelle Lujan