Modifies the total cost of living adjustments for members of the Public School Retirement System and the Public Education Employee Retirement System

Summary

The bill rewrites the percentage rates that determine a retiree’s monthly allowance based on years of service and age, and adds several survivor‑benefit options. It applies to members of the Public School Retirement System and the Public Education Employee Retirement System. The measure did not pass the House and is no longer moving forward.

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