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Senate moves to raise public-safety retirees' maximum COLA to 4%; bill advanced
Summary
Senate Bill 19 would increase the maximum annual cost-of-living adjustment for certified public-safety retirees from 2.5% to 4%, allow local employers to opt in, and provide funding mechanics; sponsors cited parity with firefighters and a fiscal note of roughly $3,172,000. The Senate advanced the bill to third reading (28–0–1).
Senator Christine Walker presented Senate Bill 19 to raise the maximum annual cost-of-living adjustment (COLA) for certified public-safety members and retirees from 2.5% to 4%. Sponsors and committee members said the change is intended to correct a long-standing inequity with firefighters and other state retirement systems and to allow local employers to elect…
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