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PERS clarifying bill would let more local governments join new defined‑contribution plan, staff say changes are administrative
Summary
House Bill 1146 would allow additional political subdivisions to join the new PERS defined contribution plan, clarify which state entities are responsible for actuarially determined employer contributions and provide related technical fixes to implement last session’s pension transition.
House Bill 1146, presented Jan. 17 by House leadership, would adjust implementation details of last session’s pension reform (House Bill 1040) that closed the main defined benefit plan to new hires and established a new defined contribution plan.
Leader Mike Lefor said the bill would allow political subdivisions not currently on the PERS plan an avenue to join the new defined contribution plan; the sponsor said offering the plan to more employers can lower per‑participant administrative costs and increase portability for employees who move between…
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