PERI is aware of the proposal by OPERS to make changes to the cost of living adjustment (COLA). While we are not happy with this development, rest assured that PERI’s Board of Trustees and staff are working to evaluate OPERS proposed changes. Our Board will be meeting soon to discuss these proposals and will adopt a response.
We understand that OPERS will be sending a survey during the week of August 14th to retirees asking for their opinions on changes to the COLA. We strongly urge every member to respond to the survey and to include comments about how any reduction in the COLA would personally impact you. We encourage you to visit our website frequently for any updates on this breaking issue.