An annual report of the Public Employee Retirement Administration Commission (under sections 21, 102 and 103 of Chapter 32 of the General Laws) relative to the percentum change in the average cost-of-living as shown by the United States consumer price index for the year 2024 compared with such index for the year 2023
Effective January 1, 2025, an annual cost-of-living increase, based upon the yearly Consumer Price Index for all Urban Consumers (CPI-U), to the retirement allowance for all state employees and all beneficiaries to be reinstated.
Relative to cost of living adjustments for retired public employees of the Commonwealth
Relative to cost of living adjustments for retired public employees of the Commonwealth
Provides for an annual increase of supplemental income for individuals and couples living alone, in accordance with the consumer price index for urban consumers over the average for the previous calendar year, commencing July 1, 2025.
Provides for an annual increase of supplemental income for individuals and couples living alone, in accordance with the consumer price index for urban consumers over the average for the previous calendar year, commencing July 1, 2025.
Exempts teachers and state employees who have been retired for more than three (3) full calendar years, from having their retirement benefit adjustment reduced based upon the funded ratio of the employees' retirement system of Rhode Island.
Allows for a one-time two percent (2%) supplemental cost of living adjustment for plan year 2025 to the public pension benefits administered by the ERSRI, and allows for those benefits to be deducted from the taxpayer's adjusted gross income.
Allows for a one-time two percent (2%) supplemental cost of living adjustment for plan year 2025 to the public pension benefits administered by the ERSRI, and allows for those benefits to be deducted from the taxpayer's adjusted gross income.
Amends powers/duties of the office of the health insurance commissioner to increase total cost of care for services reimbursed under contracts after risk adjustment that exceeds the Consumer Price Index for all Urban Consumers percentage increase.