PIERRE, S.D. (KELO) — If you’re one of the roughly 33,000 people who receive monthly checks from the South Dakota Retirement System, chances are you’re losing ground. That’s because inflation has grown faster the past few years than the cost of living adjustments granted by the SDRS governing board. The board received a presentation Wednesday […]
PIERRE, S.D. (KELO) — People receiving pensions from the South Dakota Retirement System can expect a cost of living adjustment next year of approximately 1.9%. That’s according to Doug Fiddler, the system’s senior actuary. He delivered the estimate at the SDRS trustees meeting on Thursday. The estimate was based on 5.84% percent net gains that […]
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