If the state had managed its budget the way responsible citizens manage theirs, we would not be in such a mess.
The state has underfunded our retirement funds and now state officials expect us to help bail them out.
The recent article on pension funding makes it sound as though retirees are rolling in the dough. The truth is, we just barely keep up with inflation.
For example, my husband received his cost of living increase last year. Beginning this year, our health insurance premium increase took exactly half that amount. And, even though we have no inflation (LOL), we’re seeing increases in all of our utilities, food and gasoline. That has used up the other half of the COLA.
Retirees are not asking for more than what was promised us. We want to live our lives with the independence and dignity that we worked hard for. We’ve carefully calculated how much money we would need to have a decent retirement and have made provisions.
Part of that planning included our COLAs. The state must not undermine the retirement plans of retired state employees who worked hard through the years to help make this a great state to live in.