Few things highlight this sad reality more than House Republicans’ decision to increase Oklahoma’s unfunded liability by advancing an unfunded “cost of living adjustment” (COLA) for retired state government workers—a transparent election-year ploy to buy votes with other people’s money.
The negative consequences for working families will be significant.
When Democrats controlled the Legislature, they also advanced unfunded COLAs in election years. That ultimately drained pensions so fast Oklahoma ranked 47th among the 50 states by 2007.
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by Muskogee Politico - June 01, 2020 at 04:39PM
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OCPA column: Dishonest or ignorant?
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