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DIGEST OF INTRODUCED BILL
State police pension COLA. Provides for a 1% cost of living adjustment (COLA) for retirees of the state police 1987 benefit system. Provides for a COLA equal to the greater of: (1) the supplemental benefit; or (2) 1% of the retiree's monthly pension benefit; for retirees of the state police pre-1987 benefit system. Revises the calculation of the supplemental benefit paid to retirees of the state police pre-1987 benefit system.