SCR 1 (Cortez) was favorably reported. This bill
suspends implementation of the Cash Balance Plan for a year to allow time to
obtain the Social Security equivalence ruling. The LASERS Board of Trustees
supports this bill.
SB 7 (Peacock) failed to advance by a vote of two
to four. This bill would have applied a 60-month final average compensation
(FAC) to current members of state and statewide retirement systems. Testimony
on the bill was provided by LASERS Trustee Judge William Kleinpeter, LASERS
Executive Director Cindy Rougeou, and Robert Klausner on behalf of LASERS. The
LASERS Board of Trustees opposed this bill.
To see a complete list of bills impacting LASERS and their progress, check our website daily.
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