And fails to address the hardships its loyal retirees face with inflation. These public servants built our highways, educated our citizens, provided for their health, and even rushed into harm’s way as first responders. The proposed one time-bonus of 1% disregards the increasing cost of groceries, prescriptions, and housing. For most state retirees, a 1% bonus will be $150 to $200 annually (before most recipients pay a portion back to the State of North Carolina in taxes).
“There are clear economic reasons for the Senate to deliver a true cost-of-living adjustment when they are sitting on a historically high surplus,” states NCRGEA Executive Director Tim O’Connell. “It is the right time to do the right thing for the good people that dedicated their lives to the betterment of North Carolina.”
NCRGEA encourage members to set an appointment with your legislators for the May 24th Celebration of Service and Advocacy Day at the General Assembly. Sign-up here, tinyurl.com/2p99fyy7