H.403 – Comprehensive Group F COLA Proposal

A Proposed Act Relating to Postretirement Cost of Living Adjustments for State Employees

• H-403 Comprehensive Group F COLA Proposal
• A Section-by-Section Summary of H-403 Comprehensive Group F COLA Proposal
• A Summary of Agreement on Group F COLA/New Members Package for the H-403 Proposal

Calculator to Determine Impact of H.403

A calculator worksheet has been developed to determine the impact of H.403, both in terms of additional contributions during your working years, and in the form of additional annual income in retirement. Click on the following link: go to retirement calculators. Then click on H.403 Calculator, and fill in your current years of service credit, how many more years you expect to work until retirement, and your hourly rate. The calculator will do the rest of the work for you.

If you have questions regarding the results of the worksheet, or you have difficulty accessing the calculator worksheet, please call a retirement specialist at 1-800-642-3191 or (802) 828-2305 to assist you.