New tool calculates impact of proposed COLA adjustment on Kentucky’s current, retired teachers

The Kentucky Retired Teachers Association (KRTA) has released a tool for current and retired teachers to calculate the financial impact of Gov. Matt Bevin’s proposed pension cost-of-living adjustment (COLA) freeze. As part of pension reform, Bevin has called for suspending retired teachers’ annual 1.5 percent cost-of-living-adjustment (COLA) for a five years. The new COLA Suspension Calculator...