Legislative Policy Objectives for Montana's Public Employee Retirement Systems : 1999-2000 Interim : Presession Consideration of Retirement Plan Proposals : a Report to the 57th Legislature By the State Administration, Public Retirement Systems, And Veter

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Some of the approaches in these other bills were: • flat dollar increases; • percentage increases (one key proposal would have provided a one-time 2.5% benefit increase); higher minimum benefits; and a benefit increase equal to what the 1 .5% GABA would have provided if it had been in effect from the date the member retired.
Consumer Price Index Social Security COLAs Research Data During the last 25 years, the CPi-U has ranged from a low of 1.7% from 1997-98, to a high of 13.5% between 1979 and
... 1980. From 1975 to 1995, the average annual change is the CPI-U was 5.3%.' Research provided by the Montana Education Association shows the CPI-U in the last 5 years has charged as follows:" Year 1995-96 1996-97 1997-98 1998-99 1999-00 CPI-U 2.6% 2.3% 1.7% 2.0% 2.5% Social Security COLAs are automatic increases calculated by a complex formula that considers the CPI for Urban Wage Earners and Clerical Workers (CPI-W) as well as the benefit formula used to compute benefit amounts. Social Security COLAs in the past 10 years have ranged from a low of 1 .3% in 1 998 to a high of 5.4% in 1990.

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