SB 116 – Alters the benefits afforded retired teachers who are 70 years old and older

• Sponsor: Griesheimer
• LR Number: 0528S.01I
• Committee: Pensions, Veterans' Affairs and General Laws
• Last Action: 1/17/2007 - Second Read and Referred S Pensions, Veterans' Affairs and General Laws Committee
• Journal Page: S113
• Effective Date: August 28, 2007

Current Bill Summary

SB 116 - This act alters the benefits afforded retired teachers who are 70 years old and older by: increasing their retirement allowance calculation by $10 per year of creditable service; and increasing from 80% to 90% their Cost of Living Adjustment (COLA) cap.

JIM ERTLE