Report Inappropriate Comments

Richard, Last year the social security COLA was 3.6% or how about in 05 when it was 5.8%. Or in the 80's when it was 11 and 12 %. I think its a great Idea t tie it to the CPI or SS award. You will be the first in line to complain when they hand out a 6 percent cola (yes i know some employees got 6 %, its a very small amount a long time ago) because social security got one also. Yes 09 and 10 there was none, but if you average them out its well over 3 percent. I believe the new hires are going into a 401 k style plan anyway nit your idea. They already admitted some of the plans have problems, not your idea. Doesn't sound like youve come up with much!!!!!

From: Avedisian looks to address weak sister of city’s 4 pension plans

Please explain the inappropriate content below.