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Law‑enforcement groups and retirement boards urge repeal of 'ADEC' layered amortization; bill aims to restore funding
Summary
House Bill 85 would repeal the modified layered amortization (ADEC) imposed by last session’s HB 569 and restore employer contribution rates and a statutory appropriation for several public‑safety retirement systems; witnesses warned of multimillion‑dollar shortfalls and urged passage to preserve recruitment and retention.
Representative Marta Bertoglio introduced House Bill 85 to repeal the modified layered amortization funding policy (ADEC) adopted in the previous session. The repeal targets funding methods put into statute under HB 569 that, proponents say, have created shortfalls in several public‑safety retirement systems including the Highway Patrol Officers Retirement System (HPORS), the Sheriff Retirement System (SRS) and the Game Warden and Peace Officers Retirement System.
William Hollahan, executive director of the Public Employees Retirement Administration Board,…
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