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Committee approves amendment to phase pension contribution increase over 20 years and concurs in SB 287
Summary
The House State Administration Committee approved an amendment to Senate Bill 287 to phase a 2% increase to PERS and TRS contributions over 20 years (instead of 10) and concurred in the bill as amended; sponsors said coordination language resolves conflicts with other bills and the bill will proceed to Appropriations and the floor.
The House State Administration Committee on an unspecified date approved an amendment to Senate Bill 287 that changes the timetable for a 2% employer contribution increase to the Public Employees' Retirement System (PERS) and Teachers' Retirement System (TRS), phasing the increase over 20 years rather than 10. The committee then concurred in SB 287 as amended…
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