State & Local Gov't Retirees COLA

Also relevant to:Senior (65+, Medicare/SS)

Where it is in the process

Plain-English Summary

This bill would provide a 3% cost-of-living adjustment to retirees of the Teachers' and State Employees' Retirement System, the Consolidated Judicial Retirement System, the Legislative Retirement System, and the Local Governmental Employees' Retirement System. The adjustment would apply to retirees who began receiving benefits before July 1, 2024, and a prorated amount for those who retired after that date but before June 30, 2025. The state would appropriate $250 million for this purpose.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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