Tag: Cost-of-Living Adjustment

Public School Workers Say ‘Dignified’ Retirement Now Out of Reach in Pennsylvania

The Center Square

Pennsylvania educators say the “dignified” retirement promised to them decades ago no longer exists thanks to record inflation and benefits “frozen” in time for the last 20 years.

Thomas Curry, a former art teacher who worked for the Punxsutawney Area School District for 40 years, said he’s watched his pension benefits cover less and less since he retired in 1999. He no longer buys Girl Scout cookies or supports charitable organizations in the neighborhood and his family clips coupons to afford groceries.

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Social Security Cost-of-Living Adjustment Gets Biggest Bump in Decades to Keep Up with Inflation

Pennsylvania Daily Star Staff

The Social Security Administration (SSA) announced the largest increase to the Social Security cost-of-living adjustment in over three decades due to high inflation.

The SSA announced that supplemental income benefits, which are paid to beneficiaries in addition to their regular benefits to offset inflation and other unexpected costs, would increase by 8.7%. This would, on average, increase benefits by $140 per month for most beneficiaries, beginning in January of 2023.

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