(October 25, 2017) The PERI Board of Trustees met yesterday to discuss OPERS recent approval to cap retiree’s COLA at actual CPI not to exceed 2.25%. After much discussion, your Board voted to oppose this plan. PERI is in the process of planning action to address this situation and will inform retirees of steps they should take to assist us in our efforts to mitigate the decision by OPERS Board. We will be communicating with you soon regarding our plans. We encourage you to visit our website for updates and stand by for additional information and direction.