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127th MAINE LEGISLATURE |
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LD 518 |
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LR 750(01) |
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An Act To Clarify
and Protect Certain Public Service Retirement Benefits |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Woodsome of York |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Expansion of solemn contractual commitments of the State -
retirement pension COLA |
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| Fiscal Detail and
Notes |
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Adding
cost-of-living adjustments (COLA) to retirement benefits to the provisions
that constitute solemn contractual commitments of the State may limit the
State's future ability to increase, decrease, eliminate or otherwise change
the COLA provisions. |
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