Introduced
by
To establish that school employees who retired in 1988 and 1989 may boost their pension benefits by purchasing “service credits” for work performed as a college undergraduate which the pension board deems to have been of an “academic or educational nature.” This refers to a scheme that allows government employees to artificially boost the years-on-the-job component of the formula used to calculate post-retirement pension benefit level.
Referred to the Committee on Appropriations
