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HB 1416 - Amends Cost of Living Adjustments for Pre-2001 School Retirees' Pensions - Pennsylvania Key Vote

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Title: Amends Cost of Living Adjustments for Pre-2001 School Retirees' Pensions

Vote Smart's Synopsis:

Vote to pass a bill that amends cost of living adjustments for pre-2001 school retirees' pensions.

Highlights:

  • Establishes a one-time cost-of-living adjustment ranging from 15% to 24.5% depending on the pensioner’s year of retirement and similar factors (Sec. 1). 

  • Specifies that the highest increase would go to pensioners retired prior to July 1982 (Sec. 1).

Full Bill Text

Title: Amends Cost of Living Adjustments for Pre-2001 School Retirees' Pensions

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