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House approves first substitute to raise public-safety retirement COLA and death benefit, funds via premium-tax diversion
Summary
The House passed first substitute House Bill 198 to increase public-safety retirement COLA to 4% (parity with firefighters), increase surviving-spouse death benefits to 75%, and fund the change by diverting portions of insurance premium tax revenue to a dedicated fund; the bill passed 69–0 and goes to the Senate.
First substitute House Bill 198, which would increase cost-of-living adjustments (COLA) for public-safety retirees to 4 percent and raise the surviving-spouse death benefit to 75 percent, passed the Utah House by a recorded vote.
Representative Ron Bigelow, sponsor, said the substitute and amendment put a funding mechanism in place similar to the firefighters’ model to pay…
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