A bill for an act providing an annual cost-of-living adjustment for members of the Iowa public employees' retirement system.

This bill would provide a 1% annual cost-of-living adjustment to the retirement benefits for members of the Iowa Public Employees' Retirement System who retire on or after July 1, 2026. This adjustment would apply to both regular service members and those in protection occupations, as well as their beneficiaries, provided they are at least 55 years old when they retire. Those receiving this adjustment would not be eligible for retirement dividends.

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