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Neb. committee hears testimony on LB76 to raise State Patrol survivor benefit, increase COLA cap
Summary
Senator Eliot Bostar introduced LB76 to the Nebraska Retirement Systems Committee, seeking to raise the surviving-spouse annuity for Nebraska State Patrol retirees from 75% to 100% and to set a uniform COLA cap of the lesser of CPI change or 4% for all members.
Senator Eliot Bostar, sponsor and chairing legislator for Legislative District 29, introduced LB76, saying the bill “makes 2 changes to the retirement benefits of members of the Nebraska State Patrol” to better compensate troopers and their families for career risks.
The proposal would increase the surviving spouse benefit from 75% to 100% of a trooper's annuity and set the annual cost-of-living adjustment (COLA) cap for retired state patrol officers at the lesser of the change in the consumer price index or 4% for all members, replacing existing tiers that capped earlier hires at 2.5% and later hires at 1%.
Supporters told the Retirement Systems Committee that the changes would address health, financial and workforce problems tied to state patrol service. Lucas Bolton,…
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