THE
ASSOCIATED PRESS
BATON ROUGE, Louisiana — A plan to boost monthly pension checks
for retired state employees, public school workers and teachers is headed to
the governor's desk.
The
cost-of-living increase is part of a package of bills by Shreveport Sen. Barrow
Peacock, chairman of the Senate Retirement Committee.
The
pension hike is tied to adjustments in how the retirement systems pay for
raises and administrative costs, aimed at lessening long-term debts.
All
three bills won final legislative passage this week.
Nearly
125,000 retirees over the age of 60 will see increases, ranging from 1.5
percent for retired state workers and teachers to as much as 4 percent for
retired state troopers. The average monthly increase will be about $30.
The
increases are estimated to cost $383 million.
Senate
Bills 2, 5 and 18: http://www.legis.la.gov
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