An Act to Raise the Cap on Retirement Benefits for Certain State Employees and Teachers to Which a Cost-of-living Adjustment Is Made

This bill raises the cap on retirement benefits for certain state employees and teachers. If passed, starting July 1, 2026, the cost-of-living adjustment will apply to the first $40,000 of retirement benefits for state employees and teachers who retired on or before June 30, 2011, or their beneficiaries. This changes the current cap of $24,186.25 for these individuals.

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