Bill
SB 5350
Providing a benefit increase to certain retirees of the public employees' retirement system plan 1 and the teachers' retirement system plan 1.
2023-2024 Regular Session
Introduced by Annette Cleveland and 28 co-sponsors
One-time 3% COLA (capped at $110/mo) for eligible PERS Plan 1 and TRS Plan 1 retirees; study for ongoing COLA in 2023–25, with employer contribution effects delayed to 2027.
Effective date 7/1/2023.