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DIGEST OF SB346 (Updated January 26, 2006 2:21 pm - DI 84)
PERF COLA and 13th check. Provides for a 2% cost of living adjustment for a retired member of the public employees' retirement fund (PERF) (or a survivor or beneficiary of a member). Provides for a thirteenth check based on the complete years of service credited to a member at retirement.