Introduced
by
To repeal a provision of the 2017 school pension reform law that makes new employees liable for half of any future underfunding if they choose to enroll in an optional “defined benefit” pension system. The reform made a defined contribution 401k type system with generous employer contributions the default option for new school employees. This is part of a Democratic teacher incentives package comprised of House Bills 5465 to 5484.
Referred to the Committee on Financial Liability Reform
