SB860 - Certain state employee compensation would automatically adjust according to the Consumer Price Index level

SB 0860

Certain state employee compensation would automatically adjust according to the Consumer Price Index level

Sponsor:	Cauthorn
LR Number:	3135S.01I	Fiscal Note:	3135-01
Committee:	Financial and Governmental Organization, Veterans' Affairs & Elections
Last Action:	02/09/04 - Hearing Conducted S Financial and Governmental Org.,		Journal page:
	Veterans' Affairs & Elections Committee
Title:
Effective Date:	August 28, 2004

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Current Bill Summary

SB 860 - This act requires the salaries of all state employees, excluding elected officials and certain other statutory officials, be automatically adjusted at the beginning of each fiscal year to an amount equal to the percentage of such annual rate which corresponds to the most recent percentage change in the Consumer Price Index for the region of which Missouri is included. The Consumer Price Index is produced by the United States Department of Labor, Bureau of Labor Statistics.
JIM ERTLE