RPEC members attended the Select Committee on Pension Policy (SCPP) meeting this morning at the Capitol Campus where the committee voted in favor of recommending a 3% Plan 1 benefit increase (COLA), capped at $62.50/month on July 1, 2019, for members not receiving a minimum benefit and who have been retired at least one year.
The committee also vote in favor of changing the default plan selection for new hires from Plan 3 to Plan 2.