TEMPORARY PERA MEMBER PAYMENT

Summary

HB 41 adds a temporary, additional payment equal to 2% of a retiree’s current pension for certain fiscal years, without increasing the base pension. It applies to qualified retirees under the Public Employees Retirement Act, including normal, disability, and survivor beneficiaries, and also provides a 2.5% increase for low‑benefit or older retirees. The bill appropriates $70 million to cover these payments.

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