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Panel approves $1 phone-fee proposal to fund peace officers' annuity and benefit fund
Summary
The committee approved SB285 (substitute LC560625S), which adds a $1 per-phone surcharge to fund the Peace Officers' Annuity and Benefit Fund; supporters cited sustainability and rural telecom backing while opponents raised fairness and affordability concerns.
The Senate Committee on Retirement approved a substitute for SB285 (LC560625S), which would add a public-safety support surcharge to telecommunication devices and direct proceeds to the Peace Officers' Annuity and Benefit Fund (POAB).
Sen. Robertson, the sponsor, said the fee would be a simple, neutral approach to provide a sustainable revenue stream for a fund that otherwise relies heavily on member contributions and investment…
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