COLAs are granted beginning with the month of your retirement effective date. Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2020 through the third quarter of 2021, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 5.9 percent COLA for 2022. This means in order to get the 3% cola for 2023 i have to have a 12/1/2023 or earlier date of effective retirement . COLAs are paid on the anniversary of a retirees effective date. If you have created an online account you will be able to view your pension information, see and manage your account information, and more. MS, The 2022 cola is 3 % pretty low when everyone else is at 6. Clark County. The amount of COLA a PERS member receives is 10% of their base retirement benefit (or a minimum of $50 per month, whichever is larger). Active members may print the Change of Personal Information form , make changes and return the form to PERS. Historical Schedules. If the COLA is frozen and not distributed for a specific year, will I still receive the prior COLAs I have received since retirement? How Does Cpap Reduce Preload, Balsamic Moon Relationships, Black Rock Beach Cohasset, Mercury Trine Neptune, Lumbar Spine Spot View Angle, Lincoln Hornets Basketball, nevada pers cola 2022madison county launchpad. The state sets specific windows when teachers can retire with benefits based on age and years of experience. The COLA is calculated according to RCW 41.26.440 dividing the CPI (regional Seattle-Tacoma-Bellevue (CPI-W)) for the calendar year before retirement and the prior year. PERSpective provides information for members of the retirement and health programs of the California Public Employees' Retirement System. So, if one has been retired for 10 years, the COLA is based on the original, smaller. employers. State of Nevada Employee Cost-of-Living Adjustments (COLA) Cost-of-Living Increases Effective July 1, 2022 . heres the link: https://www.bls.gov/news.release/cpi.nr0.htm. Although the December 2022 monthly benefit is issued on January 1, 2023, the first business day of the month is January 3, 2023. The result of that calculation is 8.003%, which is the percentage of increase from 2021 and 2022. Contact the PERS office and request a Refund Request Form. Thanks Tim. Forms received by the 14th of the month will take effect the same month. If thats in October, then your 2022 COLA will begin in October 2022 and will continue for one year. Had I known they were going to cut it, I would of worked 2 more years. CocaCola with Coffee Mocha hits shelves next month, joining the already available Dark Blend, Vanilla, Caramel and Vanilla Zero Sugar in the ready-to-drink (RTD) coffee aisle. March 16 NAIOP Southern Nevada Breakfast Presents Land of Opportunity: Development in the Outskirts, Smartphone 101, Tai Chi Among Featured Free Events at Optum Care Community Centers During March, Lexicon Bank Features Friendship Circle as Its March Community Spotlight, Sleep Dentistry Practice Opens in Henderson With Noninvasive Therapies to Tackle Sleep Apnea, Snell & Wilmer Welcomes Caylye Nordling to the Las Vegas Office, The National Council of Juvenile and Family Court Judges Announces Record $16.7 Million in Awards to Assist Children and Families, Optum Cancer Care Has Added Two New Providers, KPS3 Welcomes Lauren Hober as Account Manager, GoCar Tours Announces Grand Opening of Las Vegas Location and First Demos of Driverless All-Electric, Holley Driggs, Ltd. Moody's Analytics estimates the 2022 COLA at 5.6 percent. 2015 Compensation Schedules. If you are a PERS member receiving a monthly pension benefit, you will soon see an increase in your benefit payments due to the annual cost-of-living adjustment (COLA). Required fields are marked *. If that wasnt January, thats why you didnt see an adjustment in your January benefit payment. The executive director of PERS says. You may also make this change yourself through your PERS secure, on-line account. Service credit earned before July 1, 2001, will be calculated using the 2.5% multiplier. Nevada PERS also reported three-, five- and 10-year annualized returns of 9.0%, 8.8% and 9.2%, respectively, beating its benchmark, which returned 7.1%, 7.6% and 8.6%, respectively, during the same time periods. You will need to complete, sign, and return the Verification Code Request Form before creating your online account. Take PERS' 2021 online member survey Share your feedback and help . If you would like to see your account details you can click on "Account Details" and see the yearly or monthly transactions reported by your employer. Will there be only a COLA of 3% for employees who retired in 1997 or will it be reflective on the lower amount of pension in 1997? If your last day of work is Dec. 31, its likely your retirement effective date would be Jan. 1, 2022, which means a COLA could not be granted in 2022 as that would be your first year of retirement. Can you let me me know if this is correct. Log in to myCalPERS Overview Most employer contracts set the COLA as a maximum of 2% of your retirement base pay. Ive called Opers 3 times there recording states they cannot take calls at this time. Request Benefit Verification. COLA rates established for 2021. Thanks, Mike, for keeping us retires informed on important concerns like our COLA. Retirement effective dates are always on the first of the month. A Survivor Beneficiary applies to both married and single members who have not retired. Forms received by the 14th of the month take effect the same month. In addition, please keep us informed when your contact information changes. The OPERS COLA is based on a retiree's initial pension benefit. PERS improve our member . Contact one of our offices and request an agreement for a purchase of service. If you are under the Employer-Pay Contribution Plan, your portion of the increase will either be paid through salary reduction or in lieu of a pay increase depending on the employer for whom you work. COLA. I was told if u retired after Jan 1 2013 you were grandfathered into the 3 percent increase. Those hired on or after July 1, 1985, may earn a maximum of 75% of their average compensation when they retire. The earlier you notify PERS, the better. 6.1% being greater than 3%, and with the post-date adjustment capped at 3%, we will get the same 3% adjustment, will we not? What if my retirement date is June 2022 would it be more beneficial for me to retire then and not get a cola or retire before December1, 2022, We couldnt possibly give you a definitive answer because we dont know your personal circumstances. The average of a member's 36 highest consecutive months of compensation as certified by the public employer. Since launching in January 2021, the hybrid innovation has given consumers a refreshing reset to their daily routines with a pioneering proposition that . Thank you. The schedule for check mail dates can be found in the benefit recipients tab on our home page. Spoke w representative about cola. I thought the COLA increases were going to be frozen for two years. The retiree would receive an additional $30 each month for 12 months, vs. $360 in a lump sum. I thought I had a secure pension when I retired and I retired earlier than I wanted because of the guaranteed 3%. You may also call one of our offices and speak with a PERS representative or review your service credit on your Member Statement. Will those who retired between 1/1/2021- 12/01/2021 also receive the 3% COLA for 2022. Thank you. If you just received information about a COLA, that means you likely retired in November and annually receive the adjustment in December. You may purchase as little as one day or any combination of years, months and days provided it doesn't exceed the five year maximum. Ive watched the recorded videos on opers website about cola and its timing. How does a COLA capped at 3 percent add 25% to the yearly pension cost? Once you have been re-employed by a Nevada public employer and earned six months of service credit, you can repay your refund. At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023. However, for 2022 it is projected to be radically different. Whether a PERS-participating employer hires you, or places any limits on you as a PERS retiree, is between you and your employer. For instance, someone who would have retired in November of this year would have a retirement effective date of Dec. 1. The 2022 1099-R tax forms for Benefit Recipients will be mailed out on or before Jan 31st, 2023. The COLA will be a percentage increase of your monthly benefit, thus issued monthly. Michael Pramik is communication strategist for the Ohio Public Employees Retirement System and editor of the PERSpective blog. Ph 330 393 5595. We are actually receiving a DIET COLA. This is due to the elimination of cost-of-living adjustments (COLA). 12/26/2023. One day can make a big difference. Because youre retiring after 2013, your COLA will be tied to the Consumer Price Index-W, with a maximum 3 percent adjustment. The 2022 COLA will be 3%. Any member who has obtained 5 years of service credit may purchase up to an additional 5 years of service credit. What is my adjustment? On Tuesday (today), the Senior Citizens League (TSCL), a nonpartisan seniors advocacy group, projected that the Social Security Cost of Living Adjustment (COLA) for 2022 will be 6% to 6.1% based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The increases begin at 2% in each of the fourth, fifth, and sixth years; increase to 3% in years seven, eight, and nine; 3.5% in years ten, eleven, and twelve; 4% for years thirteen and fourteen; and 5% in year fifteen and each year thereafter. July 1, 2021 to June 30, 2024. Cumulative Increase to Present. Employees covered under Bargaining Units B, C, D, G, & J will receive a COLA equal to one percent (1%). With the 5 year, Im down to 11 months, Kenneth, Retirees are held harmless from effects of assumptions used in managing the investments. Geplaatst op 3 juli 2022 door As of January 24th, 2023 you will be able to view your 2022 1099-R in your secure account on the NVPERS Website. The 2022 1099-R tax forms for Benefit Recipients will be mailed out on or before Jan 31st, 2023. Let me ask the question in a different way and from my perspective. What does it mean if your Benefit Calculations Detail Members group is listed as SUPER A ? He said the . Your service credit is multiplied by the service time multiplier (2.5% for each year completed prior to July 1, 2001 and 2.67% for each year completed on or after July 1, 2001). Any future cola adjustments are additive based on original opers benefit. Maxing out at 3% (whats inflation???). That person who has the Nov. 1 effective date will thus see the first 3 percent adjustment of 2022 in his/her November benefit payment. Print and complete the Tax Withholding Certificate and return it to one of our offices. Applications can be mailed to you or are available in our offices. I didnt get any COLA raise. {:]`;l^4:4 nw.X`O[>0.bcnzF057pW,d8"KQcjn)3z(A&P6fsw You will have 60 days to activate the agreement by signing and returning it to our office. Defined benefit plans, used by the Nevada Public Employees Retirement System (PERS), promise retirement incomes determined by employees contributions and assumption about what investment returns will be. (3) P.L. Randy, if your last day of service was 12/31/2021 your effective date would be 1/1/2022. If you are not married and have no registered domestic partner at the time of your death, PERS will refer to the Survivor Beneficiary Designation form on file and pay survivor benefits based on your designations. CalPERS 2022 Regional Consolidated Omnibus Budget Reconciliation Act \(COBRA\) Health Premiums Keywords: CalPERS 2022 Regional COBRA Health Premiums, calpers, pers, cobra, approved rates, cobra rates, health rates, rates, regional contracting agencies, state rates Created Date: 8/4/2021 1:59:14 PM Good morning Mike, CalPERS determines your COLA percentage by comparing the actual rate of inflation (based on the U.S. City Average) to your 2%, 3%, 4%, or 5% adjustment. 11/27/2023. Because there are many rules associated with reemployment with a Nevada public employer, we recommend that you contact the PERS office directly for assistance with your reemployment questions. I will now have to move up my retirement one month and hope that this will not be a problem. Sacramento, Calif. - The CalPERS Board of Administration today approved health plan premiums for calendar year 2022, at an overall premium increase of 4.86%. Your PERS benefit is not affected by Social Security. Annual Step Increase + COLA. Nevada PERS pensions are typically deemed community property and are subject to division upon dissolution of a marriage or registered domestic partnership, or a legal separation. According to the Public Employee Retirement System of Nevada (PERS), public employees split a 29.5% of pay contribution with their employers, with the employee picking up 15.25% of the tab. With Guest Harpist, Renewed Commitment to the Epicenter for Judicial Education at University of Nevada, Reno, Edawn Invites Local Entrepreneurs to Pitch Start-Ups, Dickson Commercial Group Announces the Promotion of Nick Knecht, CCIM to Vice President, Congratulations 2022 Colliers Everst Award Winners, My Hometown Heroes to Host Poker Tournament on March 24, The Crime Solver, Danny Minor to Scale the Strat, Raise Money for American Lung Association, Celebrate Black History Month: Black in Vegas Viewing Party With Clint Holmes, Featured on the ABC Special, on February 22 at the Stirling Club, Pacific West Injury Creates Upside Down Billboard Campaign to Create Awareness for Accident Victim, CALV Supporting Nevada Partnership for Homeless Youth With Donations, Volunteering to Renovate Residences for Local Teens, Mark Twain Days Coming to Carson City in April, Drug-Free Depression Treatment Now Available in Reno, Catholic Charities Seeking Easter Basket Donations for Local Children in Need, SANDI And NCLab Announce Manufacturing Employee Recruitment Initiative, Dickson Commercial Group Completes MidTown Restaurant and Business Sale, Junior Achievement of Southern Nevada Announces New Board Member Elizabeth Delgado From Every Season Wealth Management, Project 150 Holds Its Annual Las Vegas Prom Closet on March 4, Broadbent & Associates Attend 2023 Nevada Water Resource Association Annual Conference, Eight Local Organ Donors and Their Families Recognized During Special Ceremony on National Donor Day, Dickson Commercial Group Expands Company Footprint in Downtown Reno Office, Project 150 Receives $250,000 Donation From the Frias Charitable Trust to Support Local High School Students, Celebrate Spring With Chef Charlie Palmer at Grand Sierra Resort, Nevada State Contractors Board to Hold 2023 Hammers & Hope Event in Las Vegas, Hb Build Partners With Interior Construction Leader Falkbuilt, Special Olympics Nevada Delegates to Champion for Inclusion and Need for Critical Funding on Capitol Hill, Faith Lutheran Offers Flexible Learning Options With Launch of Faith Lutheran Online for 2023-24 Academic Year Faith Lutheran Online Students Eligible to Participate in Sports and Extracurricular Activities, Safenest Hosts Inaugural Advocate Conference Unpacking the Teenage Brain Will Explore Resources and Solutions for Preventing Violence & Victimization Before It Starts, Southwest Medical Adds New Healthcare Provider, REMSA Health Announces Adam Heinz as COO and Devan Walker as CFO, College of Southern Nevada to Host Mental Health Conference on April 14, Nevada Donor Network Partners With Compassioncare Hospice & YMCA Southern Nevada to Host Day of Heroes in Honor of National Donor Day on Feb. 14, Contractors Board Welcomes David Behar as Director of Investigations, Aaron Ford II Joins Government Relations Firm TriStrategies, CAMCO Hosts Its 3rd Annual Girl Scout Cookie Party on Valentines Day to Benefit Troop #760 and Munchies 4 the Military, Optum Care Allergy Care Adds New Location, Goodwill of Southern Nevada Adds Executive to Lead Programs of Service, After A Successful, Sold-Out First Debut: Winnie & Ethels Downtown Diner Is Hosting Their Second 2023 Dinner Pop-Up Experience, Best Buddies Volunteer and Teacher Named December Community Smiles Winner of Move 4 Less Recognition Program, Ryder Homes Unveils New Model Homes at Shadow Hills, a Spacious Spanish Springs Community in the Harris Ranch Master-Plan, February is National Childrens Dental Health Month, Nevada Moms Join Forces to Fundraise for Charity and Better the Community, Craig Drummond News 3 Las Vegas Salute Our Troops Recipient, Dickson Commercial Group Announces the Promotion of Chris Shanks, CCIM to Senior Vice President, New Las Vegas Dental Office Provides Compassionate Care for the Underserved Special Needs Population, Feb. 16 NAIOP Southern Nevada Breakfast Presents Show Me the Money, Henderson Symphony Orchestra Announces Winners of 2023 Young Artists Competition, Broadbent & Associates, Inc. Launches Upgraded Website, Roundabout Announces Ownership of Franco Baking Company, LVR Reports Home Prices and Sales Falling to Start 2023, Rainbow Club Casino to Host Paired Beer Dinner, Enjoy a Variety of Globally Inspired Cuisine at JING Las Vegas for the Big Game and Valentines Day, Watch the Big Game and Celebrate With Axs and Os for Galentines and Valentines Day at Dueling Axes Las Vegas This February, Project 150 Adding Second Las Vegas Location to Expand Services for Local High School Students in Need, Colliers Brokers Sale of 237,630 SF West Henderson Industrial Development, Lexicon Bank Appoints Amanda Klein to Vice President of Marketing, LP Insurance Services Announces New Members/Owners, Minority Health Consultants Co-sponsors Feb. 7 Black HIV/Aids Awareness Day Event, Broadbent & Associates, Inc. State vs. local pensions Due to the state's shoddy pension-funding history, the pensioners whose retirement funds rely on the state to cover employer obligations are in the worst shape and will take the longest to reach the 80% . That amount is determined annually, usually in late summer, and the new percentage begins in January of the following year. Typically, the purchase rates increase with your age. The Cost-of-Living Adjustment (COLA) is a benefit to ensure your value of money at retirement keeps up with the rate of inflation. Hello, In total, state employees are receiving as much as a 15.6 percent pay increase in the 2007-2009 biennium. In case you were wondering, Medicare Part B premiums pay for doctors' fees outpatient care and are directly deducted from your monthly Social Security benefits. The COLA is applied on the anniversary of your retirement effective date. Members may reach the 75% Service Time Factor before completing 30 years of service. *j40&eBJ1Y#{0z54=3P#.HW($jBdn!Qa^0g:qF LtHR ^eWk)K The COLA is based on the original, first year, retirement benefit. I need to speak w an actual person who knows whats happening. A COLA is an adjustment to your monthly benefit after you retire. Thanks MS. Ohio has over 800 businesses paying into employer pension fund contributions at a rate of 14% since 2008.. ( That 14% was up from 13.85% in 2007. ) These forms may be completed by simply selecting the form below. Due to the members passing away, you are currently receiving a lifetime benefit under this account. The average monthly payment to KPERS' retirees is $1,200. For example, a 3 percent COLA for a $1,000 monthly benefit would be $30 per month. The contributions increase to 42.5% of pay with a 22% employee split for police and 30.5% employer-paid contribution for firefighters. tD@lR RD_gmgW_ywF The proposal requires passage by the Ohio General Assembly. My retirement effective date was 12/1/20, will I receive a 3% COLA increase? Create a username and password on our website and then log into your account to see your accumulative service credit. According to state law, the annual COLA for those retirees is to be based on the change in the CPI-W index from the end of June 2020 to the end of June this year, with a maximum adjustment of 3 percent. After you retire, you may not change your beneficiary to another person. In the latest year for which data is available, July 1, 2020 to June 30, 2021 a year in which nearly all investment returns soared PERSs total return was 27.3 percent. Since it didnt pass legislation, will they try for 0% cola in 2023 and 2024? If you are a retiree or beneficiary of the Public Employees Retirement System of Nevada it is important to stay informed about your retirement system. By statute, SERS' COLA is based on the year-to-year change in the Consumer Price Index (June 2021 to June 2022) for Urban Wage Earners (CPI-W), with a floor of 0% and a cap of 2.5%. Only children who are the progeny or biological offspring, or children who have been legally adopted by the deceased member are eligible for survivor benefits. However, your Social Security benefit may be affected because you receive a PERS pension. You would qualify for an adjustment beginning in December 2023. 7 :#O"~2h7}xF@cKa' Typically, this benefit begins the second calendar year of retirement, although the annual rate of inflation and retirement law could affect the onset of your COLA. The total percentage earned is then multiplied by your average compensation. Some public employers require mandatory participation under the ER Paid plan for their employees and others, like the State, allow for a choice. If I retired in March of 2022 will I get the 3% ? I am trying to figure out my percentage of COLA to be applied for 2022. Under this plan, the member does not accrue refundable contributions and will retain their service credit in the event of termination. Click on "Account" to see your beneficiaries and their relationships. ]{Q%HKSd!d`HI=F2GYO$ciRgeY(A4)$[fvx .mv~9&8mhHv?kS Was it they were just giving money away to spouses for health care and finally realized that wasnt very prudent. The change became effective July 1, 1985. Are Defined Benefit Pension Funds Still Useful Recruiting, Retention Tools? 2013 Compensation Schedules/Elected Officials 1/1/13 through 6/30/13. I retired the end of November, 2014 so I fall into this group: Those with a retirement effective date on or after that date have their COLAs based on the Consumer Price Index-W, the governments inflation index for urban wage earners and clerical workers. The OPERS COLA is based on a retirees initial pension benefit. Members with a retirement effective date of Jan. 7, 2013, and later have their COLA tied to inflation. So next year I will or will not get the 3% cola if I retired in 2018??? That blog states that yearly COLAs account for 25% of pension disbursements. Thank you for your comment. Members of Super Group A are those who already were retired before our pension legislation package went into effect in early 2013. Please fill in your information, print, sign and mail/fax to PERS. Specific rules apply to school district employees. PERSs funded ratio in 2021 fell for the first time since 2013 despite outstanding investment returns so taxpayers and future employees face likely increases in PERSs already high contribution rates. They have received as much as a 25.4 percent pay increase in just the last three years and as much as a 74.9 percent pay increase in the last seven years. 2012 Compensation Schedules. WHY did I get a letter today stating that Im receiving less than 1/2% raise? PERS provides retirement benefits not only for the roughly 25,000 state workers but local governments, school districts and improvement districts throughout Nevada. 2+ X=J8$d, +]% May 11, 2022 russian mansions london. Those whose retirement effective date is prior to Jan. 7, 2013, will continue to receive a 3 percent adjustment. Federal employees in the US will receive an average pay rise of 2.7 percent on January 1, 2022, including the amount set aside for locality pay. 2016 Compensation Schedules. The amount of the benefit is based on your years of service at the time of your death. Yes. 09/26/2023. You will then print and sign the form before mailing or faxing to the PERS office. Member Statements are issued in yearly cycles for each of the public employers. Your first COLA would follow 12 months later, no matter when you retire. Any changes to the Cost of living adjustment (COLA) require legislative approval. Please forward your questions through the online message center so we can review your account and provide account specific answers. To see your cost-of-living adjustment (COLA), view your benefit and tax statements online. However, as with most retirement plans, there can be unique requirements to properly perfect and effectuate claims from a divorce order. The first COLA would be paid on Dec. 1, 2023, not in January 2023. s+>R^AS>H. D-Manhattan, said the Senate should wait to determine how much to set aside for KPERS until the end of the 2022 legislative session. Your service credit and salary will be displayed based on a fiscal year which will be July of one year through June of the next year. AmW>zt\j(~Tt services by completing our annual member . How far in advance can you use deferred comp to pay off the remainder of my five year military for retirement. Members enrolled in PERS before July 1, 1985 may still receive up to 90% of their average compensation when they retire. So, it has realized greater returns than most funds, including some notable actively managed funds. Is it the OPERS board that is responsible for all these changes? For fiscal year 2022, which starts July 1, 2021, the Local 4041 bargaining team will be reopening the CBA to re-negotiate a wage increase, as the state of Nevada will receive this summer billions of dollars of federal aid to address budget shortfalls caused by the COVID-19 pandemic. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 6.1 percent over the last 12 months to an index level of 266.412 (1982-84=100). /Note: Monthly Pension checks are dated and mailed on these dates. ?IR %-8K="fui/g|,V)hA%+|O'n+r9Yi=2}/ QL$&CRT4~?uTAbr G@7[? The Alaska Cost-of-Living Allowance (COLA) was established in 1966 as an allowance to assist retirees, who elect to remain in state, to defray the higher cost of living in Alaska. If you do not already have an online account, you may register from the upper right-hand corner of OPERS website. By this ruse, it denies everyone the opportunity to fully understand and independently assess its processes, prospects and risks. For your reference, the Public Employees' Retirement System of Mississippi (PERS) has posted the dates for the 2022 Direct Deposit and Check Mailing schedules (see below). PERS Home Page | NVPERS Public Employees' Retirement System of Nevada Dedicated to those who serve Nevada Active Members Benefit Recipients Employers & Vendors Important Updates Contribution Rates Effective July 1, 2023 Explanation of your 1099-R Tax Statement IRS to Begin Using Updated Form W-4P in 2023 View Employment Opportunities Members who were first enrolled in PERS after January 1, 2000, must request a purchase of service agreement from PERS while they are still actively employed by their public employer. As an experienced business journalist, he clarifies complex pension policies and helps members make smart choices to secure their retirement. The COLA is applied monthly, beginning with month of your retirement effective date. % The type of COLA you are eligible for depends on your retirement system and plan. Only if you work for a Public Employer in the State of Nevada. Nevada Web Design services by Nevada Central Media using Genesis Framework by StudioPress, Treasury Management and Fraud Protection Services Event, Nevada PERS: The Good, The Bad and The Ugly, Nevada Public Employees Retirement System (PERS), Scott Arkills: Silver State Schools Credit Union, PowerShift by NV Energy Helps Businesses Save Money, Entrust Their Legacy to Primrose Schools, LVVWD Deploys Technology To Track Down Leaks, Devices Save Water, Avoid Infrastructure Damage, Professional Sports and Nevadas Community, Jersey Mikes Celebrates 13th Annual Month of Giving Benefitting Special Olympics Nevada, Special Olympics Nevada to Host 2023 South Lake Tahoe Plunge on April 22, Special Olympics Nevada to Host 2023 Vegas Plunge on April 8. Yes, legislated, yes blah, blah, blah. As weve stated before, state law requires OPERS to cap its inflation-based COLA at 3 percent.

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