2007 House Bill 4005: Provide state employee early retirement incentive

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Introduced by Rep. Rick Jones (R) on January 22, 2007, to authorize an early retirement incentive for state employees whose age and years of employment add up to at least 80, who retire between before Sept. 30, 2010, and who make this election during a sign up "window" between Jan. 1 and Sept. 30, 2007. The incentive would increase the multiplier used to calculate the retirement benefits of these employees from 1.5 percent to 1.75 percent, which would increase the cash portion of their pension benefits by 16.7 percent.
- Referred to the House Government Operations Committee on January 22, 2007.

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1) Re: 2007 House Bill 4005 (Provide state employee early retirement incentive ) by smallyfish on May 9, 2011

Personally i'm tired of politician half truths. In recent estimates are
correct 8,000 state employees could retire in the next two years. If an
early-out retirement bill was passed its estimated 11,000 employees
could retire. Past early-out retirement programs paid out benits over a 5
year period (60 monthly payments) pelleting press

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2) Re: Self-interested but not unreasonable. by bluetic on March 31, 2010

I have worked hard for 25 years. Just because we are in a crunch does not give anyone the right to take our retirement from us. State employees and to have banked leave days, (making our pay check short). Now we have to have furlough days (without pay). We have been punished everytime there is a need for money. We are tired of making things up for the rest of the state.

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3) Self-interested but not unreasonable. by Anonymous Citizen on June 8, 2007
Gee, you've been on the job for 36 years and you favor an enhanced pension benefit if you retire now (rather than sometime relatively soon anyway.)

How many private sector workers can expect the kind of pension and post-retirement health benefits that you will receive even under the un-enhanced pension? Not many, let me tell you.

The state has fewer workers? Why is it that technology has allowed the private sector to do so much more with less, but it's used as an excuse for the public sector to just spend more?

Also, those 14,000 mental hospital workers have been replaced by tens of thousands of community mental health care workers and contract employees, so state and federal taxpayers are still paying. I'm not complaining necessarily, just sayin' - there's been less downsizing than the gov and her friends pretend.
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