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House advances plan to open retirement conversion window to limit upfront cost
Summary
Second substitute House Bill 186 would open a six-month window for employees to move from the contributory to noncontributory retirement system; sponsor said collecting applications first could avoid an immediate $3 million fiscal request.
Representative Brad King presented second substitute House Bill 186 to create a limited window allowing eligible employees to move from the contributory to the noncontributory retirement system. King said previous changes created an option period and that the proposed window would let the Legislature collect how many employees actually want to change before assigning a fiscal cost, avoiding an immediate $3,000,000 funding request.
King said the aim is to gather applications over six months so the Legislature can return next session with an accurate fiscal note and only fund changes actually requested. Representative Hansen asked for counts of employees in each system; King replied he did not know the exact number and reiterated the fiscal rationale.
Members offered no substantive amendments during the floor presentation; summations were waived and voting was opened on the second substitute. The transcript records proponents calling the measure appropriate under current fiscal constraints.
