SB 1956 Amendment 3 COLA

The COLA bill passed the House and Senate. The bill is pending the Governor’s signature.

The COLA bill provides:

  1. Removes the 1966 Birth Year Restriction
  2. Lowers the COLA eligibility age from 60 to 55
  3. Eliminates the maximum COLA increase of 30%
  4. The COLA is retroactive to January 1, 2023
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