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Committee advances bill letting transfers reverse and make PERS whole for officers who moved to municipal police plan
Summary
The Senate Pensions Committee voted to report Senate Bill 7 16 to the full Senate with a recommendation that it pass; the measure was referred first to the Committee on Finance.
The Senate Pensions Committee voted to report Senate Bill 7 16 to the full Senate with a recommendation that it pass; the committee also recommended the bill be first referred to the Committee on Finance.
Counsel told members the bill addresses failure to pay required make-up contributions and interest for certain retirees who transferred between retirement systems. "You have before you Senate Bill 7 16, relating to failure to pay required contributions and interest payments for certain retirees who transfer between…
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