Whereas, ‘the projections that provide the basis for the calculation of retirement costs for the 2016-2017 biennium assumed that there would be a 2.55% cost-of-living adjustment awarded in September 2015 and September 2016; and’
| HP0069 LD 86 |
Session - 127th Maine Legislature C "A", Filing Number H-502, Sponsored by
|
LR 903 Item 2 |
|
| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill in the emergency preamble by striking out all of the 3rd paragraph (page 1, lines 5 and 6 in L.D.) and inserting the following:
Whereas, ‘the projections that provide the basis for the calculation of retirement costs for the 2016-2017 biennium assumed that there would be a 2.55% cost-of-living adjustment awarded in September 2015 and September 2016; and’
Amend the bill by striking out everything after the enacting clause and before the emergency clause and inserting the following:
‘Sec. 1. 5 MRSA §17806, sub-§1, ¶A, as amended by PL 2013, c. 424, Pt. B, §1, is further amended to read:
Sec. 2. 5 MRSA §17806, sub-§1, ¶A-2 is enacted to read:
summary
This amendment provides a minimum cost-of-living adjustment of 2.55% for benefits received by retired state employees, teachers, judges and Legislators for fiscal year 2015-16 and fiscal year 2016-17 only.