2010 Senate Bill 1240

Authorize state takeover of “distressed” municipal pensions

Introduced in the Senate

March 23, 2010

Introduced by Sen. Ron Jelinek (R-21)

To place a the mayor and an employee of a municipality whose pension system has been taken over by the state under Senate Bill 1239 on the board of the state municipal pension system for a two-year transition period during which the municipality’s “distressed” pension system is absorbed.

Referred to the Committee on Appropriations