AN ACT relating to cost-of-living adjustments for pension plans for former cities of the third class. Amend KRS 90.410, 95.560, and 95.624 to allow former cities of the third class adopting a pension fund program prior to August 1, 1988, to provide an annual cost-of-living adjustment in an amount equal to the increase in the cost-of-living increase for a recipient of Social Security or the increase in the consumer price index as computed by the Department of Local Government up the current maximum of five percent.