Retirement Committee

1209 § 1 Develop a plan for new hires under the Public Employees Retirement System main system to participate in the defined contribution plan and to close the defined benefit plan to new entries effective January 1, 2024. Upon approval of the Chairman of the Legislative Management, the study may use the services of a third-party contractor to assist in the study.

During the 2021-22 interim, the Legislative Management may develop a plan for new hires under the Public Employees Retirement System main system to participate in a defined contribution, cash benefit, or hybrid plan and to close the defined benefit plan to hires effective on a date certain. (Legislative Management directive)