A key House committee unanimously approved legislation that would overhaul local pension plans for police officers and firefighters, moving closer to a Senate version but endangering support for the bill among local governments and possibly business groups.
An amendment to the proposal (HB 341) adopted by the House State Affairs Committee on Wednesday concerns how local governments can use revenue from the state’s tax on insurance premiums, a major source of funding for the retirement plans relied on by police officers and firefighters.
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