Indiana HB1163 proposes an annual cost of living adjustment for prosecuting attorneys' retirement fund participants.
Indiana HB1163 amends the Indiana Code to introduce an annual cost of living adjustment (COLA) for participants in the prosecuting attorneys retirement fund. This adjustment will be based on the percentage increase in the Consumer Price Index. The COLA will apply to state fiscal years beginning after June 30, 2026, and will affect monthly benefits payable to participants. The bill specifies that the increase cannot exceed three percent.
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