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THE FUTURE OF FINANCE   <br />Public Employers and the COLA Conundrum (governing.com)  <br />Public Employers and the COLA Conundrum <br />With government workers’ pay raises lagging the private <br />sector’s, state and local officials will need to navigate through <br />different measures of inflation to fairly calibrate wage and <br />pension increases. <br />OPINION | Aug. 16, 2022 • Girard Miller <br />  <br />Government employees have drawn the short straw lately when it comes <br />to inflation adjustments to their pay. The gap in pay increases could be <br />closed in the coming year if cost-of-living adjustments (COLAs) are <br />awarded by formula to public employees, but that’s a big if. And don’t be <br />surprised if there are debates about which inflation index to use and <br />how. <br />