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 2025 compared with such index for the year 2024
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires the Public Employee Retirement Administration Commission (PERAC) to produce an annual report. The report will analyze the percentage change in the average cost of living, as measured by the United States consumer price index, between 2024 and 2025. This analysis is intended to reflect adjustments needed for public employee retirement benefits.
Key provisions
- PERAC must prepare an annual report.
- The report will compare the cost of living index for 2025 to that of 2024.
- The comparison will be based on the United States consumer price index.
- The report is required under Chapter 32 of the General Laws.
- Sections 21, 102, and 103 of Chapter 32 are relevant to this report.
Who is affected
- Public Employee Retirement Administration Commission (PERAC)
- Public Employees
- Retirement Benefit Recipients
Bill text
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Sponsors
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1 on record
Primary sponsor
Public Employee Retirement Administration Commission
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