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Committee adopts emergency amendment and advances bill allowing early-retirement packages at state colleges
Summary
House Bill 1326, as amended to include an emergency clause, lets state-supported colleges and universities offer voluntary early-retirement incentives to eligible full-time staff provided the institution realizes net personnel-cost savings; the committee approved the amendment and passed the bill.
Representative Warren presented House Bill 1326 and an amendment adding an emergency clause to make the bill effective immediately so institutions could use the incentives at the end of the upcoming semester. The committee adopted the emergency amendment by voice vote and then passed the bill as amended.
Representative Warren told the committee HB1326 would allow state-supported colleges and universities to negotiate early-retirement packages on a voluntary basis for eligible full-time staff. Warren said required components are that the employee be full time, meet the institution’s retirement eligibility, participate in an in-state sponsored alternate retirement system, and that the institution realize a savings in personnel costs after offering the package.
Shane Broadway, identified in the record as an…
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