Bill ending raises for Wyo. retirees advances

The House has given initial backing to a bill that would end cost of living increases for public retirees for the foreseeable future. Senate File 59 advanced Monday after a long debate about whether the move was premature and whether lawmakers were micromanaging the state's retirement system. The bill, as currently written, would require that a retirement plan reach a funding ratio of 105% before cost of living raises could be paid out. The Joint Budget Committee originally recommended that the ratio would have to hit 120% for raises to be given. Senate File 59 must still pass two more votes in the House.