Creating the Kansas public employees retirement system cost-of-living adjustment commission, prescribing powers and duties of the commission and establishing procedures of the legislature relating to the annual cost-of-living adjustment rate recommended by the commission.

This bill creates the Kansas Public Employees Retirement System Cost-of-Living Adjustment Commission. The commission will study retirement benefits and recommend annual cost-of-living adjustment rates for retirees. If the legislature approves the recommended rate through a bill, it will become law; otherwise, the previous rate will remain in effect.

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