DIGEST OF INTRODUCED BILL
1977 police and firefighter fund COLAs. Provides that cost of living adjustments (COLAs) for fund members and survivors under the 1977 police officers' and firefighters' pension and disability fund shall be based on increases or decreases in the Consumer Price Index plus 1%. (Under current law, the COLAs are based on increases or decreases in the consumer price index.) Retains the current overall limit of 3% on these increases or decreases.