Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 2162 revises the public retirement systems for employees of certain municipalities. It updates definitions, funding calculations, and governance structures for municipal pension plans. It also establishes new financial and administrative procedures, including the creation of different retirement groups based on hire dates, funding obligations, and actuarial valuation methods.
Author (1)
Peter Flores