Pension COLAs / Senate Bill 754

A 26.5-year Neshaminy Manor retiree explained SB 754, which would give counties self-determination over COLAs, and asked the board to help move the bill out of the Senate Local Government Committee.

A Neshaminy Manor retiree of six years said she has received no COLA since retiring and asked the board to help pass SB 754.

Suggested contacting former retirement board members such as Judge Boylan and former Gov. Mark Schweiker to learn how former Treasurer Bill Snyder historically funded COLAs.

Argued retirees' own contributions built the pension fund and that they've earned COLAs; reported he's still awaiting a response from Sen. Don Kiefer's office on SB 754.