Introduced by Rep. Shanelle Jackson (D) on August 8, 2007, to limit the purchase by school employees of “service credits” that allow them to retire with a full pension up to five years earlier than the usual requirement (30 years of service or upon reaching age 60), by requiring the employee to have put in 10 years on the job after “purchasing” the credit. This would apply only to new employees hired after 2007.
Referred to the House Education Committee on August 8, 2007.
1) 2007 House Bill 5094 (Limit school employee “service credit” pension enhancements ) by admin on January 1, 2001 Introduced in the House on August 8, 2007