HB 509 (2014) -  Local Government Pension Reform

by Caldwell
Requires that firefighter pension plans meet certain requirements in order to receive insurance premium tax revenues; revises existing payment provisions & provides for additional mandatory payment by municipality or special fire control district to firefighters' pension trust fund; deletes provision basing availability of additional benefits upon state funding; revises provisions relating to municipalities & special fire control districts that have their own pension plans & want to participate in distribution of tax fund; authorizes municipality to implement certain changes to local law plan; requires that police officer pension plans meet certain requirements in order to receive insurance premium tax revenues; deletes provision allowing local law plan to limit amount of overtime payments which can be used for retirement benefit calculations; revises existing payment provisions & providing for an additional mandatory payment by municipality to police officers' retirement trust fund; revises provisions relating to municipalities that have their own pension plans for police officers & want to participate in distribution of tax fund; requires plan sponsors to have defined contribution plan in place by certain date; authorizes municipality to implement certain changes to local law plan; provides declaration of important state interest.
Effective Date: July 1, 2014
Last Event: Died in Government Operations Subcommittee on Friday, May 2, 2014 10:39 PM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Government Operations Subcommittee Time: 05/02/2014 - 10:39 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H 1st Reading Time: 03/04/2014 - 11:50 PM Member: Committee: Version: __
Event: H Now in Government Operations Subcommittee Time: 01/16/2014 - 1:58 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Referred to State Affairs Committee Time: 01/16/2014 - 1:58 PM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Appropriations Committee Time: 01/16/2014 - 1:58 PM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Government Operations Subcommittee Time: 01/16/2014 - 1:58 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Filed Time: 01/07/2014 - 2:46 PM Member: Caldwell Committee: Version: __