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07/15/2024 11:13 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20230&cosponId=37974
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House of Representatives
Session of 2023 - 2024 Regular Session

MEMORANDUM

Posted: December 1, 2022 12:15 PM
From: Representative Patrick J. Harkins and Rep. Robert E. Merski
To: All House members
Subject: Allowing more frequent cost-of-living adjustments for county pension annuitants
 
Under the County Pension Law, when County Retirement Boards provide a cost-of-living adjustment (COLA) to annuitants, the COLA must be equal to the percentage change in the Consumer Price Index for All Urban Consumers (CPI-U) for the Pennsylvania, New Jersey, Delaware and Maryland area for the 12-month period ending August 31 for the year in which the adjustment is reviewed. While this has the laudable intention of attempting to provide our county retirees with COLAs that keep up with inflation over time, it, unfortunately, means that in many years County Pension Boards often cannot afford to provide any adjustment at all because the CPI-U is too high.
 
That is why we are introducing legislation that would amend the County Pension Law to permit pension boards to grant a COLA that could be any percentage up to, but no more than the applicable CPI-U.  This will aid our counties and benefit our county retirees who might not otherwise get a COLA for several years. 
 
Please join us in supporting this legislation.
 
This legislation was previously introduced as HB 2716 of 2021 and was co-sponsored by Representatives Conklin, Daley, Tina Davis, Delloso, Hill-Evans, Madden, Mehaffie, Napoleon Nelson, Schlossberg, and Sanchez.
 



Introduced as HB298