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House concurs in pension employer contribution extension after debate on long‑term liabilities
Summary
Lawmakers concurred in Senate Bill 56 to extend and add supplemental employer contribution rates for several retirement systems. Debate focused on long‑term obligations, amortization periods and whether recent legislative changes have undermined prior pension reforms.
Senate Bill 56 would extend and increase supplemental employer contribution rates for the Public Employees' Retirement System and add supplemental rates for the Highway Patrol Officers', Sheriffs' and Game Wardens' retirement systems. Representative Perry, carrying the bill, said the changes extend a termination date from June 30, 2025 to June 30, 2035 and add an annual 0.1 percentage point increase in employer…
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