1997 Regular Session

HOUSE BILL 1065

File Code: State Pensions and Retirement Prior Year Introduction As: HB 1180/96 - APP
Sponsored By:
Delegate C. Mitchell
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, 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
2/5
First Reading Appropriations
Hearing 2/25 at 11:00 a.m.
3/24
Unfavorable Report by Appropriations
Senate Action
No Action
Bill indexed under the following Subjects:
FIRE PROTECTION
LAW ENFORCEMENT -see also- STATE POLICE, DEPT. 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)