Allowing new government employees the option of opting out of retirement system membership if the employee is age sixty or older when first hired, or when the employee's employer opts into retirement plan participation.
Summary
Allows certain public employees that first become eligible for coverage in the Public Employees' Retirement System at age 60 or older, to opt out of retirement coverage.
From the House Bill Analysis 2021 (SB 5352), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House
AN ACT Relating to allowing new government employees the option of opting out of retirement system membership if the employee is age sixty or older when first hired, or when the employee's employer opts into retirement plan participation;