IntroducedFiled Jan 29, 2026
Sponsor: Martinez, Alan T.
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill amends the state retirement code to give qualified retirees a 1.68% cost‑of‑living increase each July 1 for fiscal years 2027 and 2028. It applies to normal retired members who are at least 65 years old and meet service or retirement‑time criteria. The increase is financed by a $10 million appropriation that does not revert to the general fund if unspent.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when HB 242 changes status, plus AI-powered summaries and stage predictions.
Sign up free