Wednesday, May 14, 2008

2008 Legislative Update

The House Retirement Committee voted to defer passage of HB 467, which provides for early retirement (10 years at age 50) of LASERS members with actuarial reduction of benefits. The bill required abolition of positions vacated by early retirement and permitted reestablishment and filling of such positions under limited circumstances.

LASERS Board of Trustees took a neutral position on this bill.

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