2% adjustment predicted for state retirees as inflation climbs higher

2% adjustment predicted for state retirees as inflation climbs higher

A January 2025 view of the South Dakota State Capitol in Pierre. (Photo by Makenzie Huber/South Dakota Searchlight)Officials with the South Dakota Retirement System expect next year’s cost-of-living adjustment for retirees to fall below inflation — again. The system’s board members heard the projection at a Wednesday meeting in Pierre. They were also told that the adjustment has fallen short of inflation each of the last five years. Executive Di…