To increase the pension benefits of state employees whose age and years of employment add up to at least 75 and who retire between Nov. 1, 2007 and Dec. 31, 2007 (or later for some employees). 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 pension benefits by 16.7 percent.
21 Yeas / 16 Nays | |
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Democrat (0 Yeas / 16 Nays) | |
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Excused or Not Voting (1) | |
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