An Act Establishing the Retirement Improvement Fund

Also relevant to:Senior (65+, Medicare/SS)

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Plain-English Summary

This bill establishes the Retirement Benefit Improvement Fund, an interest-bearing fund designed to increase cost-of-living adjustments for retired state employees and teachers. Each year, a portion of the General Fund's unappropriated surplus will be transferred to this fund. When the fund has enough money to increase the cost-of-living adjustment by at least $500, the retirement system will apply this increase to benefits.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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