PERA WORK GROUP

Summary

The memorial requests that the Legislative Finance Committee create a nine‑member work group to examine the Public Employees Retirement Association (PERA) fund, its unfunded liability, and the impact of recent changes to retiree cost‑of‑living adjustments. It would look at benefit formulas, employer contributions, investment performance, and options to tie adjustments more closely to inflation. The goal is to improve the fund’s long‑term health without harming current or future retirees.

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