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Sen. Jimmy Higdon proposes expanding PPOB membership, adding state treasurer and permanent legislative seats
Summary
Senator Jimmy Higdon proposed changes to the Pension Oversight Board (PPOB) membership: raise overall seats, add the state treasurer, make certain legislative chairs permanent members, and lift a moratorium that bars participants in retirement systems from serving on the board.
Senator Jimmy Higdon told the Pension Oversight Board he plans to introduce changes to expand membership on the board and to add the state treasurer as a member.
Higdon said his proposal would increase membership currently described in statute (eight house and eight senate seats) by making the chairs of Appropriations and Revenue in both chambers permanent members, effectively raising the board size to 10 members from each chamber, and adding the state…
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