Provides cost-of-living adjustments for certain public retirees
Summary
Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2025
Last action May 5, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S3414
→
S3414A
·
3 edits
MINOR
The bill was amended to add new sponsors and update its legislative history, indicating it has been reprocessed and amended. The most significant substantive change is the adjustment of the effective date for cost-of-living adjustments for retired members, shifting the start date from September 1, 2025, to September 1, 2026. Additionally, the percentage schedule for calculating these adjustments was modified to apply different rates based on the year of retirement, specifically updating the tiers for those retiring in 1961 and prior.
Scope change
The bill's scope regarding the specific financial benefits for retired members has been modified by changing the start date of the payments and adjusting the percentage calculations based on retirement year.
TIMELINE
The start date for adjusted benefits was changed from September 1, 2025, to September 1, 2026, delaying when retired members will receive the updated payments.
ELIGIBILITY
The percentage schedule for calculating benefits was altered to include specific tiers for members who retired in 1961 and prior, changing the calculation basis for these groups.
SCOPE
The list of bill sponsors was expanded to include six additional senators, and the legislative status was updated to reflect that the bill was amended and recommitted to the committee.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
3
Amendments
2
May 5, 2026
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Apr 20, 2026
Upper · Passed
PRINT NUMBER 3414A
upper
Apr 20, 2026
Upper · Passed
AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
upper
Jan 7, 2026
Committee
REFERRED TO CIVIL SERVICE AND PENSIONS
upper
Jan 27, 2025
Committee
REFERRED TO CIVIL SERVICE AND PENSIONS
upper
1 primary · 7 co-sponsors
Sponsors
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