2005 Connecticut Code - Sec. 5-162b. Cost of living adjustment for employees retired on or before June 30, 1975.
Sec. 5-162b. Cost of living adjustment for employees retired on or before June
30, 1975. On July 1, 1978, and on July first of each subsequent year, each employee and
the spouse of each deceased employee who had elected the husband and wife retirement
income option, retired under the State Employees Retirement Act on or before June 30,
1975, shall be entitled, in addition to his original monthly retirement salary plus cost of
living allowances from date of original retirement, to an additional five per cent cost of
living monthly allowance computed on the basis of his combined monthly retirement
salary and cost of living allowances, if any, to which he was entitled as of the June
thirtieth immediately preceding. If on any July first, the Retirement Commission determines that the National Consumer Price Index for urban wage earners and clerical workers for the previous twelve-month period has increased less than the cost of living allowance provided by this section, the cost of living allowance provided by this section shall
be adjusted to reflect the change in such index provided such cost of living allowance
shall not be less than three per cent.
History: P.A. 75-421 deleted Subsecs. (b) and (c) re cost of living allowance provisions commencing on July 1, 1969, and amended former Subsec. (a) to apply to July 1, 1975, and subsequent years, granting a three per cent cost-of-living increase; P.A. 78-228 amended section to apply to July 1, 1978, and subsequent years, changed cost-of-living increase to five per cent and provided for adjustments in increases geared to Consumer Price Index.
