Wednesday, June 6, 2007

Legislative Update

The House Committee on Retirement killed legislation on Wednesday on a bill {HB 788, Rep Doerge} to allow a group of employees who completed DROP on or before December 31, 2002 to rescind their participation.

In other action, the committee approved {SB 127, Senator Boasso} a constitutional amendment to require increases in benefits for state retirement systems to also provide a funding source.