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Representative Dennis Avery (D-Evansville)
Introduces House Bill 1022 to Provide Cost of Living
Adjustment (COLA)
For Indiana’s Retired Teachers
INDIANAPOLIS
– Representative Dennis Avery (D-Evansville) today
introduced H.B. 1022 which would provide a cost of
living adjustment (COLA) for Indiana’s retired
educators. Rep. Avery authored the bill at the
request of the Indiana Retired Teachers Association
(IRTA).
In introducing the legislation, Rep. Avery, a member
of the influential House Ways and Means Committee,
said, “In these times of economic uncertainty, our
objective is to retain a COLA for retired teachers.”
Representative David L. Niezgodski (D-South Bend),
Chairman of the House Labor Committee and the
Pension Management Oversight Commission, is a
coauthor.
Under H.B. 1022, a 2% increase would be payable to
those who retired before July 2, 2001, and a 1%
increase would be provided to those who retired
after July 1, 2001, and before July 2, 2007. These
increases would be payable after December 31, 2009.
IRTA President Eugene Wease, of Crown Point,
Indiana, stated: “We are grateful that
Representative Avery has again taken the lead in
helping to maintain retired teachers’ purchasing
power and standard of living for those who have
dedicated their professional careers to educating
young Hoosiers.”
IRTA was founded in 1950 to advocate for retired
educators, to promote community leadership and
service, and to encourage and support education
initiatives in Indiana. IRTA is the largest
organization in Indiana which advocates for retired
educators.
The 2009 legislative session will convene on
Wednesday, January 7, 2009, and must adjourn no
later than Wednesday, April 29, 2009.
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