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HB19-1299

Local Government Retirement Plan Contribution Rates

Concerning flexibility in the contribution rates to a local government retirement plan or system.
Session:
2019 Regular Session
Subject:
Local Government
Bill Summary

County, municipality, and other political subdivisions - retirement benefits plan or system for elected or appointed officers and employees - contribution rates. For any county, municipality, or other political subdivision (local government) or group of local governments that has established and maintains a plan or system (plan) of retirement benefits for its elected or appointed officers and its employees, the minimum contribution rate of participants in the plan is changed to 3% of the participant's basic salary or wage. In addition, the contribution rate of the local government and the contribution rate of the participant do not have to be the same, as was previously required, as long as the contribution rate for each is at least 3% of the participant's salary or wage.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/17/2019 Signed Act PDF
    05/13/2019 Final Act PDF
    04/27/2019 Rerevised PDF
    04/26/2019 Revised PDF
    04/18/2019 Reengrossed PDF
    04/17/2019 Engrossed PDF
    04/01/2019 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. J. McCluskie, Rep. J. Rich
Sen. K. Donovan

Sponsor

Co-sponsor

Rep. S. Bird, Rep. L. Cutter, Rep. T. Exum, Rep. R. Galindo, Rep. M. Gray, Rep. L. Liston, Rep. D. Michaelson Jenet, Rep. K. Tipper
Sen. D. Moreno, Sen. J. Tate