For my sins, I work in Education supporting PeopleSoft. That means that I do work in COBOL on occasion. I am not tasked with writing anything new in COBOL, but I so quite a bit of analysis and support. That is: I _read_ COBOL more than I write it.
There are three flavors of COBOL that I deal with: PeopleSoft delivered, Vendor delivered, and University modified. Most of the work I do in COBOL breaks down to reading the code to determine why a given behavior is observed. Only once (in University modified code) have I needed to make an actual edit. The rest of the times I either modify the flow of information into the COBOL code or I modify the resultant after the code has run.