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Committee votes to retain bill addressing Group 2 retirement change; stakeholders ask to await governor's budget
Summary
The committee voted to retain House Bill 727, which updates prior Group 2 pension changes; union leaders and stakeholders urged retention pending the governor's budget, and the retirement system provided preliminary fiscal guidance showing a potential positive actuarial effect if certain state contributions are included.
Representative Steve Pearson asked the committee to retain House Bill 727 so the issue could be examined through the budget process rather than immediately advancing committee action. The motion to retain carried on a roll call and the committee will leave the measure in committee for consideration in the budget process.
Pearson said HB 727 is similar to House Bill 4 36 from two years earlier, which had previously passed the House and been removed in the Senate. He said stakeholders had negotiated concessions and that the newly filed draft reflects stakeholder adjustments. "As…
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