Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4280 modifies deferred retirement option plans (DROP) for police and firefighter pension systems in certain municipalities. It mandates that DROP assets and liabilities must be accounted for separately and not included in the general pension fund's actuarial analysis. Additionally, the bill allows pension boards to adopt a shorter annuitization period for DROP balances without requiring actuarial confirmation that the change will not extend the fund's amortization period beyond 25 years​.
Author (1)
Yvonne Davis
Contact the Author
Rep. Yvonne Davis
Capitol Phone:
(512) 463-0598
Capitol Office:
CAP 4N.9
E-Mail:
