2004 Senate Bill 1351

Increase state employee pensions

Introduced in the Senate

Sept. 8, 2004

Introduced by Sen. Michael Prusi (D-38)

To increase the pensions of most retired state employees by changing the multiplier used to calculate their retirement benefits from 1.5 percent to 1.75 percent. This would increase the cash portion of their pension benefits by 16.7 percent.

Referred to the Committee on Appropriations