ATLANTA, Ga. (WALB) - A bill that would restore regular cost-of-living adjustments for Georgia state retirees has unanimously passed out of the Senate Retirement Committee.

Senate Bill 339, led by Sen. Nan Orrock, would reinstate cost-of-living adjustments every six months for members of the Georgia Employees’ Retirement System.

The bill also extends eligibility to retirees who were previously excluded from the adjustments. However, the adjustments could be paused if state revenue drops.

Orrock said retirees have seen the buying power of their monthly pensions shrink year after year, forcing many to forgo medicine and choose which bills to pay.

“Senate Bill 339 rights that wrong and allows them to focus on enjoying their retirement, rather than juggling their pills and bills,” Orrock said. “Passing this legislation tells our retirees that help is on the way.”

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