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Board staff reviews 2025 legislation affecting LEFT Plan 2; SB 5306 to take effect July 27
Summary
Board staff summarized legislative activity: Senate Bill 5306 (service-credit purchase for leave of absence) was endorsed and will be effective July 27; the budget included, then the governor vetoed, a change to excess-compensation rules; other bills and studies affecting pension funding were discussed.
Jacob White, staff to the Law Enforcement Officers' and Fire Fighters' Plan 2 Retirement Board, briefed trustees on legislation and budget actions from the 2025 legislative session during the board's May 28 meeting.
"The board endorsed one bill this session, Senate Bill 5306, which allowed members of LEFT 2 to purchase authorized leave of absence service credit if they retired instead of returning to work," White said. He told the board SB 5306 passed both houses unanimously and will be…
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