The South Dakota Retirement System is tasked with providing stable benefits, staying fully funded and earning positive investment returns.
Senior Actuary Doug Fiddler says getting those three things to balance is becoming more difficult.
Fiddler says the cost of living adjustment this year will be down from last year’s 3.5%.
Fiddler says projected investment returns don’t promise much of an increase for next year.
The official cost of living adjustment for next year will be set by the board later this year (2023).
(Story courtesy of news partner WNAX.)
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