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Public and private sector defined benefit pension fund payments added $224.3 billion in tax revenue to the U.S. economy in 2022, according to the National Institute on Retirement Security.
Research Quantifies the Broad Economic Impact of Pension Payments | PLANSPONSOR
At the September 11, 2025, Board meeting, the Retirement Board carefully reviewed the Cost-of-Living Adjustment (COLA) for the upcoming year. After extensive discussion, the Board made the difficult decision not to elect a COLA at this time.
I am pleased to announce that the results of our recent election are in!
Yesterday, the Social Security Administration announced that it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to public sector workers whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).