ANNAPOLIS — State legislative analysts in Maryland say a proposal to freeze cost-of-living adjustments for retirees would be illegal.
The analysts told members of Maryland’s Public Employees and Retirees Benefits Commission on Monday that a five-year freeze on cost-of-living increases was not a viable way to resolve large unfunded liabilities in the pension and health benefit system for state workers.
Commission members were expected to begin voting on how to address funding issues, but deferred action until next week to give members more time to digest proposals.
Former Maryland Speaker of the House Casper Taylor is the commission’s chairman. He has said he hopes the panel can present a preliminary report next week that they can give to Gov. Martin O’Malley and the state legislature, which convenes in January.