Pension. A correction. « Fred Klonsky

Pension. A correction. « Fred Klonsky:

Pension. A correction.

by Fred Klonsky

In a post addressing what would happen if the Illinois General Assembly passed a bill impacting retiree COLAs and any anticipated court action that would arise from that, I wrote that TRS would freeze COLAs in place.
I was wrong.
Here is the paragraph from a letter to all TRS members which is in question:

TRS cannot predict if, or when, the General Assembly may alter the state law regarding the COLA. It is certain, however, that if the laws governing the TRS COLA are changed, the matter will be