PENSION BENEFIT INCREASE NOTE

Creates the Pension Benefit Increase Note Act. Requires the Division of Insurance within the Department of Financial and Professional Regulation to prepare a written pension benefit increase note in relation to any bill, introduced in either house of the General Assembly, that proposes to grant a pension benefit increase. Contains provisions concerning the contents of the note; the appearance of employees of the Department before committees of the General Assembly; the effect of the Act on amendments; and the confidentiality of note-related information. Effective immediately.