2013 Senate Bill 725

Give new school employees 401(k), not pensions

Introduced in the Senate

Dec. 12, 2013

Introduced by Sen. Mark Jansen (R-28)

To revise details of a disability early retirement allowance provision the school employee pension law to accommodate the proposal in Senate Bill 727 to close the current "defined benefit" pension system to new school employees hired starting July 1, 2014, and instead provide 401(k) accounts. See Senate Bill 727.

Referred to the Committee on Appropriations Subcommittees