SECTION 1. Notwithstanding any general or special law to the contrary, the Secretary of Administration and Finance is hereby authorized and directed to conduct a study as to the feasibility of and potential methodology for insuring that municipal police, fire retirees and teachers receive a pension in an amount not less than fifty percent of the regular compensation being received by an individual currently employed in the position held by the retiree prior to retirement.
The findings of said study shall be reported to the clerks of the Senate and House of Representatives not later than two years following the passage of this Act.
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