Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Plan 2 board endorses bill to add standby pay to definition of basic salary
Law Enforcement Officers' and Fire Fighters' Plan 2 Retirement Board · December 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The board voted to endorse draft legislation to include standby pay in the definition of 'basic salary' for Plan 2; actuaries provided a cost range (updated low 1 basis point, high 4 basis points) and the change is prospective only.
The Law Enforcement Officers' and Fire Fighters' Plan 2 Retirement Board on Dec. 17 endorsed draft legislation that would add standby pay to the statutory definition of "basic salary," aligning Plan 2 with PERS/PSERS treatment.
Staff explained the legislative language…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
