Summary of the Introduced Bill

HB 1529 -- State Retirement Systems

Sponsor:  Hegeman

This bill increases the retirement cost-of-living adjustment
(COLA) on or after September 1, 2002, for certain special
consultants and retirees covered under the Missouri State
Employees' Retirement System and the Highway and Transportation
Employees' and Highway Patrol Retirement System from 80% to 100%
of the Consumer Price Index, but is limited to not more than 5%
of the annuity amount payable immediately before the payment of
the COLA.  The COLA increase is for both the closed plan and the
Year 2000 Plan.

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Missouri House of Representatives
Last Updated October 11, 2002 at 9:01 am