38-856.03. Ad hoc increase in retirement benefits; analysis by the joint legislative budget committee
From and after December 31, 2015, the legislature may enact permanent one-time increases in retirement benefits for eligible retirees and survivors of the system after an analysis of the effect of the increase on the system by the joint legislative budget committee. The joint legislative budget committee shall analyze the effect of the permanent benefit increase considering the funded status of the system, the length of time since the last benefit increase, the increase in the cost of living since the last increase, the current economic condition of this state, recent investment performance of the system, the overall view of the economy and market and the total cost of the benefit increase to the system.
Section: Previous 38-853.01 38-853.02 38-854 38-855 38-856 38-856.01 38-856.02 38-856.03 38-856.04 38-857 38-858 38-859 38-860 38-871 38-872 NextLast modified: October 13, 2016