Employees' Retirement System; state and local retirees four percent cost-of-living benefit increase

This bill would give a four percent benefit increase, with a minimum of $15 per month, to certain state and local retirees and beneficiaries of the Employees' Retirement System. This increase would start on October 1, 2026, for those who retired before October 1, 2025. The increase is dependent on legislative funding and would not apply to individuals whose Medicaid eligibility would be negatively affected.

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