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Why doesn TFFR have an automatic cost-of-living adjustment like many other states?

April 26, 2017adjustment automatic cost-of-living tffr

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Why doesn TFFR have an automatic cost-of-living adjustment like many other states?

1 Answer

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Because of concerns about the ongoing long-term liability to the fund, the Legislature has not approved such a provision in TFFR statutes. In the past, ad hoc benefit increases were granted by the Legislature when it was determined that funding levels could support such improvements.