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Senate advances retirement service‑credit bill with amendments to limit reemployment
Summary
Senators debated SB34, which would let employers and employees jointly purchase up to five additional years of retirement service credit; the chamber approved amendments restricting reemployment with the purchasing unit and requiring nondiscriminatory purchase policies amid concerns about potential abuse and fiscal implications.
Senator David Steele presented Senate Bill 34 to allow an employer–employee combination, after 25 years of service, to purchase up to five additional years of retirement service credit. Steele said the measure is intended to provide equity—allowing long‑time state or local employees a negotiated pathway to early retirement in certain circumstances.
Floor amendments were proposed and adopted to…
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