HOUSE BILL 1180

File Code: Public Sector Pensions and Retirement Systems Prior Year Introduction As: HB 1113/95 - APP

Sponsored By:

Delegate Poole

Entitled:

Pension Systems - Cost-of-Living Adjustment

Synopsis:

Altering the method of calculating the cost-of-living adjustments for retirement allowances of retirees of the Employees' Pension System, the Local Fire and Police System, the Natural Resources Pension System, and the Teachers' Pension System to provide for compounding the adjustment on an annual basis; and altering the method of calculating the maximum rate of the cost-of-living adjustment to provide for compounding on an annual basis.

Legislative History

House Action

2/9

First Reading Appropriations

2/28

Hearing 3/14 at 1:00 p.m.

4/8

Unfavorable Report by Appropriations

Senate Action

No Action

Bill indexed under the following Subjects:

FIRE PROTECTION

NATURAL RESOURCES, DEPARTMENT OF

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

STATE EMPLOYEES

TEACHERS

Bill affects the following Statutes:

State Personnel and Pensions

( 29-404 , 29-406 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available