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Pension check increase for state workers gets last-minute OK

1 year 4 months 1 week ago June 12, 2015 Jun 12, 2015 Friday, June 12 2015 June 12, 2015 2:40 PM in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - Some 130,000 retired state employees and teachers could get a bump in their pension checks in July.

The only stumbling block could be a veto by Gov. Bobby Jindal.

In a last minute move, state lawmakers reversed course Thursday and agreed to a 1.5 percent cost-of-living adjustment this year instead of in 2016, despite worries of a veto.

Rep. Jack Montoucet, a Crowley Democrat, refused to bring up his legislation to generate $100 million to help fill the state budget hole until lawmakers agreed to the retirement boost.

The bill by Rep. Sam Jones, a Franklin Democrat, provides an average $30 increase in pension checks. It also adds provisions aimed at shoring up the finances of the state's retirement systems.

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