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Committee advances bill to provide post‑retirement COLAs for municipal police and firefighters; amendment to prepay liability fails
Summary
The House Local Government Committee voted 16-10 to report House Bill 1289, which would grant ad hoc COLAs to municipal police and firefighter annuitants retired on or before Jan. 1, 2016, with payments scaled by years retired.
The House Local Government Committee voted 16-10 to report House Bill 1289, which would require municipal retirement systems to provide ad hoc cost-of-living adjustments (COLAs) for certain police officers and firefighters who retired on or before Jan. 1, 2016. The bill scales payments by years retired and directs the Commonwealth to reimburse municipalities for a portion of amortized costs from the general fund.
Under the bill text read by committee staff, annuitants retired 10–15 years would receive $250 per month, those retired 15–20 years $375 per month, and those retired 20 or more years $500 per month. If an annuitant is eligible for COLAs…
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