Fiscal Note

HB0212 - Enhanced Public Safety Retirement Systems Cost-of-living Adjustment Option Amendments

State Impact:
Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
Enactment of this bill will affect local governments if they make a one-time election to offer the enhanced cost-of-living adjustment. Retirement rates for employees who are covered by this election would increase. The impact on employers and employees who make the one-time election will vary based on whether or not employees pay a portion of their pension contributions.