Joe Pirraglia
Date
2024-01-24
As a public high school teacher who retired in 2009, I understood that the RI pension plan reform bill had to be adjusted. The age requirement to collect the pension, the automatic 3% compounded cost of living adjustment, and the 28 year requirement for retirement needed to be changed. The Raimondo plan was entirely unfair. Because of it, my purchasing power has declined tremendously since I retired in 2009. I believe a fair program would be something like the Federal Social Security cost of living adjustment. It's based on the average CPI rate. It can be based on the first $40,000 earned.
I truly hope the review committee with it's wisdom agrees on some level of change from the Raimonda plan.
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