Introduced
by
To eliminate statutory provisions specifying which persons serve on the board that oversees legislative pensions, and instead allow the board to create its own bylaws specifying who serves on the board, and to revise other details of the legislative retirement system. Also, to raise the cap on the maximum annual legislative retirement benefits from $90,000 or 100 percent of a legislator’s average compensation for the highest-paid three years of service, to $160,000, which is maximum allowed under federal law. However, the bill does not increase the actual benefits. It would also delete provisions allowing members to elect to have the retirement system pay a health insurance premium subsidy to another health insurance plan or a medical savings account.
Referred to the Committee on Government Operations and Reform
Reported without amendment
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To eliminate statutory provisions specifying which persons serve on the board that oversees legislative pensions, and instead allow the board to create its own bylaws specifying who serves on the board, and to revise other details of the legislative retirement system. Also, to raise the cap on the maximum annual legislative retirement benefits from $90,000 or 100 percent of a legislator’s average compensation for the highest-paid three years of service, to $160,000, which is maximum allowed under federal law. However, the bill does not increase the actual benefits. It would also delete provisions allowing members to elect to have the retirement system pay a health insurance premium subsidy to another health insurance plan or a medical savings account.
Referred to the Committee on Government Operations
Passed in the House 107 to 0 (details)
