An Act relative to the cost of living adjustment for state and teacher retirees and certain long term career public retirees

This bill increases the income threshold for certain state and teacher retirees to qualify for additional cost-of-living adjustments from $13,000 to $18,000 annually. It adds two new benefit tiers: $100 monthly for retirees with 15+ years of service (or disability retirees with less service) whose benefits are below the system's average, and $200 monthly for retirees with 20+ years of service meeting the same income threshold. These provisions apply to state employee, teacher, and other public retirement systems (like municipal or county systems), but require those systems to formally accept the changes via board vote and legislative approval. Surviving beneficiaries of eligible retirees also qualify for the additional benefits under the same rules.