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Retirement committee adopts 2025 study list and adds review of moving new hires to defined-contribution plans
Summary
The committee unanimously approved a set of study items for 2025, adding a proposal to analyze phasing new hires into a defined-contribution-only model and a study on processing times for retirement applications.
The Retirement and Independent Entities Committee voted unanimously to adopt its 2025 list of study items and to add two items proposed by members: a review of whether to phase new employees into a defined-contribution-only retirement program and a study of processing time for retirement applications.
The study list as presented by Office of Legislative Research and General Counsel staff included multiple URS-related items—administrative and technical modifications to Title 49, an overview of URS and its annual reports, the AURUS recordkeeping upgrade, the line-of-duty death benefit discussion, and preliminary contribution-rate review.…
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