Committee Hears Two-Year 'Thirteenth Check' Proposal for Retirees; Vote Deferred
The Pensions and Labor Committee heard testimony on House Bill 12-21, a proposal to authorize a two-year 'thirteenth check' for public retirees. Lawmakers and actuaries said supplemental reserve accounts appear sufficient for the next two years; final action was deferred to next week.
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The Pensions and Labor Committee heard testimony on House Bill 12-21 on a proposal to authorize a two-year "thirteenth check" — an additional annual payment for public retirees — but the committee deferred a vote until next week.
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