2017 LEGISLATIVE NEWS:The following bills have been introduced in the 2017 Legislative session:
HB 1055 – Provides for a Cost of Living Adjustment for PERF retirees with an effective date of retirement of December 1, 2016 or prior. Involves a six-step calculation with the percentage increase being 1%, 2%, or 3% depending on date retired.
Status – Referred to House Employment, Labor and and Pension Committee.
HB 1098 –Provides for a 13th check for PERF retirees with an effective date of retirement of December 1, 2016 or prior.
The amounts are:
|5-10 years of service (disability)||$150.00|
|10-20 years of service||$275.00|
|20-30 years of service||$375.00|
|30+ years of service||$450.00|
Also, $50.00 is added to above amounts if the retiree’s monthly benefit is less than $500.00 and $25.00 if retiree’s monthly benefit is more than $500.00.
Status – Referred to House Employment, Labor and Pensions Committee.
HB 1537 – Same as HB 1098 except $50.00 or $25.00 is not added to the 13th check.
Status – Passed the House Employment, Labor and Pension Committee. Passed House Ways and Means Committee.
SB 441 – Established a reserve account to pay for a COLA and/or 13th check. COLA and/or 13th check could only be paid in odd number years.
Status – Referred to Senate Labor and Pensions Committee.