Senate passes state retiree cost-of-living adjustment
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The New Hampshire Senate passed a bill to create a cost-of-living adjustment for certain state retirees Thursday, joining the House on a measure that has the support of Gov. Chris Sununu.
Under the bill, House Bill 616, any former state employee who retired before July 1, 2014, would be entitled to a 1.5% supplemental annual allowance to their present state pension. That 1.5% bonus would apply to all income for retirees who make $50,000 or less; for retirees who make more than $50,000, it would apply to their first $50,000 in pension allowance.