- Introduced -

SB 340 - This act provides an equalizing cost-of-living adjustment (COLA) for certain retirees of the Kansas City Police retirement system. The equalizing COLA shall not exceed 25% of the member's base pension. The retirement board must base its determination for granting the equalizing COLA on the advice of the plan's actuary that the increase will not cause the present value of the plan to exceed the sum of fund asset plus the present value of anticipated future contributions.

CINDY KADLEC