With two weeks remaining in the legislative session, a Senate committee will take up a new bill that could move more public workers into a 401(k)-type retirement plan rather than the traditional pension program.
The Senate Governmental Oversight and Accountability Committee was scheduled Monday to take up a proposed bill (SPB 7030) that would move public employees, ranging from school-district workers to university personnel, who are hired after Jan. 1 into the investment plan if they do not actively opt for the traditional pension coverage.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
