SB 1031 (Moorlach) – Cost-of-Living Adjustment Prohibition
Prohibits public retirement systems from providing a cost-of-living adjustment to benefits when the unfunded actuarial liability of the system is greater than 20 percent based upon the system’s Comprehensive Annual Financial Report.
- Version: Introduced 2/8/2018
- Sponsor: Author
- Location: Senate PE&R Committee
- Board Position: Oppose
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