128th MAINE LEGISLATURE
LD 650 LR 215(01)
An Act To Clarify and Protect Certain Public Service Retirement Benefits
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Woodsome of York
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Expansion of solemn contractual commitments of the State - retirement pension COLA
Fiscal Detail and Notes
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.