HB 7179 (2014) -  Local Government Pension Reform

by State Affairs Committee and Caldwell
Revises legislative declaration regarding firefighter pension plans; provides new definitions; revises provisions related to firefighters' pension trust fund; revises provisions relating to municipalities & special fire control districts that have their own pension plans; revises criteria governing benefits to be funded from premium tax revenues and uses thereof; requires plan sponsors to have defined contribution plan in place by certain date; authorizes municipality to make changes to local law plan under certain circumstances; revises legislative declaration police officer pension plans; creates new definitions; revises provisions regarding police officers' retirement trust fund; deletes provision basing additional benefits in police officer pension plan upon state funding; revises calculation of monthly retirement income for police officer; revises provisions regarding certain police officer pension plans; revises provisions relating to municipalities that have their own pension plans for police officers & want to participate in distribution of excise tax fund; revises criteria governing use of revenues from premium tax; revises provisions regarding excess benefits under certain circumstances; requires plan sponsors to have defined contribution plan in place by certain date; revises authorities that municipality has to implement certain changes to local law plan; provides declaration of important state interest.
Effective Date: July 1, 2014
Last Event: Died, reference deferred on Friday, May 2, 2014 10:39 PM

PCB committee actions:

  • PCB SAC 14-04 recommended by:
    State Affairs Committee
    • On agenda for: 04/11/14   8:00 AM View Notice
    • Favorable With Amendment(s) (final action) See Votes

Related Bills

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: State Affairs Committee 4/17/2014 11:32:15 AM
Chamber: House Committee: State Affairs Committee 4/10/2014 7:43:51 AM
Chamber: House Committee: State Affairs Committee 4/10/2014 7:43:14 AM --UnPublished--

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died, reference deferred Time: 05/02/2014 - 10:39 PM Member: Committee: Version: __
Event: H 1st Reading Time: 04/17/2014 - 9:44 PM Member: Committee: Version: __
Event: H Filed Time: 04/17/2014 - 1:08 PM Member: Committee: State Affairs Committee Version: __