DRS seeks small technical changes to allow future tribes to join LEFT Plan 2

Seth Miller, chief benefit officer for the Department of Retirement Systems, told the board that DRS is pursuing a small set of technical changes related to prior legislation allowing certain tribal law-enforcement entities to opt into LEFT Plan 2. He said the two changes under consideration would (1) allow employees of any future tribe that joins LEFT Plan 2 to purchase past service credit at full actuarial cost even when the tribe joins later, and (2) permit the Governor's Office to delegate compact negotiations to DRS while the Governor retains authority to sign the compact.