House lawmakers weigh cost of living adjustment for state retirees
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Times were good when Marylyn Doyle retired. Her Health and Human Services post brought in healthy $24,000 pension, which rose rougly in line with inflation every year – the so-called “cost of living adjustment.”
That was 2007. In 2010, discovery of a litany of miscalculations brought to light a $4.5 billion hole in the New Hampshire Retirement System, in the thick of economic downturn.