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Senate advances plan to move police retirement toward parity with firefighters
Summary
Senate Bill 26 advances as a first substitute to create a funding path toward a 4% COLA for peace officers by redirecting a share of premium-tax revenues; senators debated scope, whether the state should fund local retirement obligations and actuarial timing.
The Senate advanced a significant public-safety retirement measure on Feb. 23 as senators debated whether the state should be the funding source for retirement equity for peace officers.
Sen. Butters presented the first substitute to SB 26, which would put the state's premium‑tax mechanism on a path to support a 4% cost‑of‑living adjustment (COLA) for peace officers, similar to benefits available to…
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