This amendment adds a new section establishing an 8% cost of living adjustment for retirement benefits, effective July 1, 2026, funded by a $662,408,110 general fund appropriation to the Wyoming Retirement System.
- Adds language to the bill's purpose statement to include 'providing a cost of living adjustment for retirement benefits' (Page 1, lines 1-2)
- Establishes Section 328 granting an 8% increase to annual retirement benefits for eligible persons receiving benefits under Wyoming retirement plans, limited to those who began receiving benefits before July 1, 2024 (Page 141, lines 4-22)
- Appropriates $662,408,110 from the general fund to the Wyoming Retirement System board to fund the 8% retirement benefit increase, with allocation to each retirement plan on a proportional basis and a requirement to reduce payments proportionately if funds are insufficient (Page 141, lines 23-32)Agency: Wyoming Retirement System · $662,408,110.00 General Fund
- Defines 'retirement plan' for purposes of this section to include all Wyoming Retirement Board-administered plans except the paid firemen plan A (Page 141-142, lines 34-3)
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