Don’t block workers’ voice
To the Editor: In view of the “right to work” forces’ attempt by the Janus v AFSCME court case and other actions to disrupt our nation’s economy and faithfulness in the brotherhood of unions, PEF’s veterans say “No” to any changes in our American workforce, especially our voice.
As veterans understand what’s right, we hope the U.S. Supreme Court understands that what our nation’s leadership of yesteryear put in place should not be changed.
God bless America.
Eager to get pension boost
To the Editor: How long before retired employees can expect a COLA. (to their pensions)?
Editor’s note: A cost-of-living adjustment (COLA) comes after you have been retired for five years and are 62 years old or older. A retiree receives their first COLA in the month following the month he or she becomes eligible and receives the COLA monthly thereafter.
The COLA is calculated on the first $18,000 of pension and the rate is
determined by the current Consumer Price Index (CPI). Retired state employees get half of the current CPI. Currently that amounts to a 1 percent COLA. The COLA may not exceed 3 percent.
The 2017 COLA was 1.2 percent and produced a maximum pension increase of $216 per year or $18 per month.
COLAs are calculated in September of each year. The NYS Employees Retirement System then sends a letter to retirees informing them of what the COLA, if any, will be for the coming year.
Send letters to:
c/o NYS-PEF, P.O. Box 12414,
Albany, N.Y. 12212-2414
or email to: gro.f1531752548ep@ro1531752548tacin1531752548ummoc1531752548eht1531752548