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128th MAINE LEGISLATURE |
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LD 650 |
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LR 215(02) |
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An Act To Clarify
and Protect Certain Public Service Retirement Benefits |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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 decrease or eliminate the COLA provisions. |
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