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HB19-1217

PERA Public Employees' Retirement Association Local Government Division Member Contribution Rate

Concerning the elimination of the two percent increase in the member contribution rate to the public employees' retirement association for members in the local government division of the association.
Session:
2019 Regular Session
Subjects:
Local Government
State Government
Bill Summary

During the 2018 legislative session, the general assembly enacted Senate Bill 18-200, which made modifications to the public employees' retirement association (PERA) hybrid defined benefit plan to eliminate the unfunded liability of the plan within the next 30 years. Senate Bill 18-200 included a 2% increase in the member contribution rate to PERA for employees in all divisions of PERA. The increase is phased in over 3 years with the first increase occurring on July 1, 2019.

The bill eliminates the 2% increase in the member contribution rate for members in the local government division of PERA.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/20/2019 Signed Act PDF
    04/29/2019 Final Act PDF
    04/10/2019 Rerevised PDF
    04/09/2019 Revised PDF
    03/19/2019 Reengrossed PDF
    03/18/2019 Engrossed PDF
    03/04/2019 Introduced PDF