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Committee orders study of early retirement for long‑service public employees
Summary
The House State Government Committee voted to direct the Legislative Budget and Finance Committee to analyze an early retirement proposal for public pension members age 55+ with at least 30 years of service; members debated potential cost and staffing effects.
House Resolution 30 directs the Legislative Budget and Finance Committee to analyze a proposal allowing members of the State Employees’ Retirement System and the Public School Employees’ Retirement System who are age 55 or older with at least 30 years of service to retire early.
Representative Mirsky (sponsor) told the committee the last comprehensive study of a similar proposal dated to February 2006 and said updated analysis was needed because the pension systems remain large, underfunded and critical to state workforce…
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