2007 House Bill 4912

Exclude new community college employees from defined benefit pension system

Introduced in the House

June 13, 2007

Introduced by Rep. Lorence Wenke (R-63)

To not include community college employees hired after Jan. 1, 2008 in the school employee pension and post-retirement health benefit system (MPSERS). Beginning in 2008, the annual contribution that community colleges make to the system would be based on an actuarial calculation of the 40 year amortization cost of the unfunded liability of the pension and health insurance promises to employees already enrolled in the system.

Referred to the Committee on Education