This bill changes the index used to calculate the cost-of-living adjustment for state employee and teacher retirement benefits to the same index that is used to calculate the cost-of-living adjustment for benefits under the United States Social Security Act. This bill also removes the 3% cap on the cost-of-living adjustment for state employee and teacher retirement benefits.

Statutes affected:
Bill Text LD 1096, HP 691: 5.17001, 5.17806