2016 House Bill 5438

Ban government employee pension “spiking”

Introduced in the House

March 9, 2016

Introduced by Rep. Patrick Somerville (R-23)

To prohibit the “average final compensation” on which local government employees' pensions are based from including overtime, bonuses, the value of accrued vacation and sick leave, one-time lump-sum payments, the cost of fringe benefits, and any payments made “for the specific purpose of increasing the final average compensation”.

Referred to the Committee on Financial Liability Reform