SB 1031 (Moorlach) – Cost-of-Living Adjustment Prohibition

Assembly Bill

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

CalSTRS Analysis:

As Introduced 2/8/2018

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