Retirement-COLA.

04LSO-0035.C1

                                                         

FISCAL NOTE (SF0068)

 

 

 

The fiscal impact, in the form of increased expenditures from the Wyoming Retirement Fund, is indeterminable.

 

Under current law, the Wyoming Retirement Board may only approve cost of living increases for specific percentages defined in statute. These increases in benefits are effective only if the increases are determined to be actuarially sound by the Retirement System’s actuary. If the specified percentage increase is not actuarially sound, no cost of living increase is allowed.

 

This bill would allow the Wyoming Retirement Board to approve cost of living increases at levels determined to be actuarially sound by the Retirement System’s actuary, subject to the percentage limitations defined in statute.

 

This fiscal impact, in the form of increased expenditures from the Wyoming Retirement Fund, is indeterminable because the cost of living increases allowed under this bill would be determined each year by the Retirement System’s actuary.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(Information provided by Tom Mann, WRS; phone 777-6115)