New Senate proposal would give the Legislature authority over increased contributions to the Public Employees Retirement System.
Senate votes to strip
. But the Senate proposal would give the Legislature the final authority on whether to impose the rate increases. The financial issues surrounding board under the new Senate proposal also would be required to include an analysis by its actuary and two independent actuaries on the reason the increase was needed and the impact the increase would have on governmental entities.
Public retirement system debate may not be dead yet this session A small bipartisan group of senators voted against the proposal on Tuesday. They objected to taking away the
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