Legislative Commission on Pensions and Retirement

  2021 LCPR Pension and Retirement Bill signed by the Governor on May 25

LCPR News and Developments

The Commission's Report on the LCPR Study of Postretirement Adjustments (COLAs) submitted to the Legislature.

A session law approved as part of the 2018 pension and retirement bill required the Commission to conduct a study of COLAs and report on its conclusions during the 2021 legislative session (see Laws 2018, Ch. 211, Art. 5, Sec. 14). The Commission considered the report at its March 2 and March 16, 2021, meetings. At its last meeting of the 2021 legislative session, on May 4, 2021, the Commission approved a motion to submit the COLA Study Report to the legislature.

Commission staff, with the assistance of the directors and staff of the pension funds, prepared the report, which represents months of research and analysis. The report was reviewed and discussed at a public forum and written and oral public comments were incorporated into the report.