COST-OF-LIVING FOR SOME RETIREES

Summary

The bill adds a short‑term cost‑of‑living increase for qualified public‑employee retirees, especially those over 65, and sets higher boosts for low‑benefit retirees, retirees age 75, and disability retirees. It amends the pension law to define eligibility, calculation methods, and caps, and appropriates $10 million to pay the increase in fiscal years 2027‑2028. The measure is currently postponed indefinitely.

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