Relating to the calculation of final average salary under the Public Employees Retirement System.
Summary
Changes calculation of final average salary for purposes of Public Employees Retirement System to use five years of salary instead of three years, for salary paid on and after January 1, 2020. Directs Public Employees Retirement Board to recalculate employer contribution rates to reflect savings attributable to Act. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2019
Last action Jul 1, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jul 1, 2019
Upper · Passed
In committee upon adjournment.
upper
Jan 16, 2019
Committee
Referred to Workforce.
upper
Jan 14, 2019
Introduced
Introduction and first reading. Referred to President's desk.
upper
2 primary · 0 co-sponsors
Sponsors
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