2007 House Bill 4975

Limit school employee “service credit” pension enhancements

Introduced in the House

June 21, 2007

Introduced by Rep. Richard Ball (R-85)

To limit the purchase by school employees of “service credits” that allow them to retire with a full pension up to five years earlier than the usual requirement (30 years of service or upon reaching age 60), by requiring the employee to have actually put in 10 years on the job. Also, to establish that the credits do not allow the individual to collect retiree health care benefits early.

Referred to the Committee on Oversight and Investigations