Category: Economy, Budget and Taxes
HB 1756 (2018) relative to an additional allowance and a cost of living adjustment for retirees from the state retirement system.
House/Senate Bill: House
Description: Grants a one-time additional allowance of $500 to government retirees receiving a benefit under $30,000 per year who served more than 20 years and have been retired for at least 5 years. The bill also grants a cost of living adjustment (COLA) of 1.5% to the same retirees. The Senate amended the bill to remove the COLA.
Bill Sponsor: Stephen "Steve" Shurtleff
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Tue, 04/03/2018
Next Voting Date: Thu, 04/26/2018