A2449 — Requires cost of living increase to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PERS, TPAF, PFRS, SPRS, and JRS; makes appropriation.

A2449 — Requires cost of living increase to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PERS, TPAF, PFRS, SPRS, and JRS; makes appropriation. · Informed CitizenryThis bill aims to protect the financial stability of retirees by requiring a cost-of-living adjustment (COLA) to be granted in two separate state fiscal years if their retirement benefit is below a…Open in Informed Citizenry