HB 89
Modifies provisions relating to state employee retirement
Sponsor:
LR Number:
0175H.01I
Committee:
Last Action:
4/4/2023 - Public Hearing Completed (H)
Journal Page:
Title:
Effective Date:
House Handler:

Current Bill Summary

HB 89 Veit, Rudy

HB 89 -- STATE RETIREMENT SYSTEM PLAN

SPONSOR: Veit

Upon the state retirement system attaining a funded ratio of at least 80%, this bill allows the normal retirement eligibility for Plan 2011 participants to change from age 55 with the sum of the member's age and credited service equaling at least 90 years to attainment to at least age 50 with the sum of the member's age and credited service equaling at least 80.

This bill is the same as HB 2816 2022.

Amendments

No Amendments Found.