SB 0389 | Creates a defined contribution plan for certain employees of state colleges and universities |
Sponsor: | Scott | |||
LR Number: | 1501S.02I | Fiscal Note: | 1501-02 | |
Committee: | Pensions and General Laws | |||
Last Action: | 02/28/01 - Voted Do Pass S Pensions & General Laws Committee | Journal page: | ||
Title: | ||||
Effective Date: | August 28, 2001 | |||
SB 389 - This act would create a defined contribution plan
for state colleges and universities for teaching personnel,
instructors, assistant professors, associate professors,
professors, and academic administrators holding faculty rank.
MOSERS is authorized to establish the plan, select a third party
administrator, select investment products, and establish
contribution rates.
CINDY KADLEC