AN ACT RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM BENEFITS -- CONTRIBUTIONS AND BENEFITS
HB 5766 proposes to reinstate cost of living adjustments (COLAs) for individuals receiving retirement benefits from the state retirement system. These adjustments would become payable to retirees and beneficiaries under a specific condition. The bill's key mechanism specifies that COLAs will be granted only when the retirement system's annual investment return exceeds ten percent.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2025
Last action Apr 22, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Apr 22, 2025
Committee
04/22/2025 Committee recommended measure be held for further study
legislature
Feb 26, 2025
Introduced
02/26/2025 Introduced, referred to House Finance
lower
10 primary · 0 co-sponsors
Sponsors
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