SB587 - Increases the COLA for certain special consultants and retirees from 80% to 100% of the consumer price index

SB 0587

Increases the COLA for certain special consultants and retirees from 80% to 100% of the consumer price index

Sponsor:	Stoll
LR Number:	1889S.01I	Fiscal Note:	1889-01
Committee:	Pensions and General Laws
Last Action:	04/01/03 - Hearing Conducted S Pensions & General Laws Committee		Journal page:
Title:
Effective Date:	August 28, 2003

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Current Bill Summary

SB 587 - This act changes the cost-of-living assessment (COLA) for certain special consultants and retirees from 80% to 100% of the consumer price index for all adjustments after September 1, 2003, but in no more than 5% of the annuity amount payable immediately before the payment of the COLA.

This act is identical to HB 1529 (2002).
CINDY KADLEC