TCRS retired teachers, state employees to receive max. allowable cost of living adjustment


The Tennessee Consolidated Retirement System Board of Trustees announced at its March 30, 2012 meeting that retirees who have been on the TCRS retired payroll for a least 12 consecutive months as of July 1, 2012 will be receiving a three (3%) percent cost-of-living adjustment.  The percentage of COLA is based on the percentage increase in the Consumer Price Index for the previous calendar year.