Retiree cost-of-living adjustment

Read a letter from State Rep. Brian Monroe that deferred pension concerns to the county commissioners, and urged the retirement board to contact the entire Bucks County legislative delegation since no legislation is planned to fix the pension law.

Said inflation has cost retirees about 30% of pension purchasing power since the last COLA in 2020 and warned it could reach half within five years; called the board the retirees' only hope for relief.

A federal retiree urged support for a COLA so retirees can keep supporting their families, then offered remarks on national and nuclear policy.

A retired probation officer praised the new DART program, then pressed the board on the lack of a retiree COLA, saying pensions have lost ~26% of value and that the board could find the money if it wanted to.