Modifies provisions relating to retirement, including Tier 2011 and deferred compensation

Summary

The bill replaces sections 104.1091 and 105.915 of the Revised Statutes with new language that sets retirement age and service requirements for state employees, legislators, and statewide officials. It also changes how contributions are made—requiring a 4% employee contribution that the state employer pays on the employee’s behalf—and outlines refund procedures for former members. The measure failed to pass.

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