Retirement Committee

1040 § 33 Study the Public Employees Retirement System main system plan, including funding options and contributions by political subdivisions.

1040 § 34 Study best practices for public employee retirement plans, including defined benefit plans, defined contribution plans, and hybrid plans such as side-by-side hybrid plans, cash benefit plans, and stacked hybrid plans. The study must include development of legislation to implement the retirement plan best suited to meet the needs of the state, political subdivisions, and public employees.