Biden on aid to Ukraine – “It’s going to allow pensions and social support to be paid to the Ukrainian people so they have something in their pocket.”
Pa. state government, school retirees have company in longing for cost-of-living adjustments
Aug. 18, 2021 – Retired Pennsylvania public school and state government employees are not alone in hoping to someday see a cost-of-living adjustment in their pension benefits.
In Pennsylvania, the last COLA granted to retirees in the two statewide public pension systems – the Public School Employees’ Retirement System and the State Employees’ Retirement System – was in 2002.
Biden’s Remarks on Paying Ukrainian Pensions Resurfaces, Stoking Anger
Biden on aid to Ukraine – “It’s going to allow pensions and social support to be paid to the Ukrainian people so they have something in their pocket.”
Feb. 23, 2023 – Social Security Will Go Broke a Year Earlier Than Predicted, Government Report Says
“if there’s one thing that all Americans… should be able to agree upon, it’s that, for the love of God, American taxpayers should not be paying billions of dollars that we don’t have to provide millions of Ukrainian pensioners a 20% raise.”
Social Security is Broke, but American Taxpayers Just Gave Ukrainian Pensioners a Double-Digit Raise
By: William Sullivan
As American taxpayers paying into Social Security today stare down the barrel toward substantial cuts to their own benefits, estimated to take place in 2034, they can at least take solace in knowing that all categories of Ukrainian pensioners will get a 20% raise in March 2023. “As early as this March,” says Ukrainian Prime Minister Denys Shmyhal, “the government will index pensions by 20%” for about 10 million Ukrainians.
Indexing the payments “is not mandatory according to the Law of Ukraine on the State Budget for 2023,” but benevolent President Zelensky has instructed them to reprice the benefits upwards anyway.
And why wouldn’t he? His government is swimming in American cash.
PA Fraternal Order of Police Lodge No. 38 