Introduced
by
To authorize a retirement incentive for Department of Transportation employees whose age and years of government employment add up to at least 70 and who retire before Dec. 1, 2014. The bill would increase the multiplier used to calculate the retirement benefits of these employees from 1.5 percent to 1.75 percent, which would increase the cash portion of their post-retirement benefits by 16.7 percent.
Referred to the Committee on Financial Liability Reform
