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Alabama | Public retirees struggle to survive on benefits worth half their original value

The Legislature last awarded a cost-of-living benefit increase to the state government retirees who dedicated their careers to public service back in 2006, when President George W. Bush was in the White House ...the Legislature did not pre-fund the retiree increases awarded in 2006 and before and chose, instead, to place the burden of paying for them on the Retirement Systems of Alabama. ...

Reference: aldailynews.com

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