Senate Bill 401
2017-2018
White
0712
SERS
Administrative Operations
Alternative Retirement Plans
Employee Contributions
Employer Contributions
Membership Provisions
Miscellaneous
Normal Retirement Benefits
Amends the State Employees' Retirement Code (Title 71) to provide a stand-alone defined contribution retirement benefit plan to members of the General Assembly who are elected or reelected after November 30, 2018. Employer contributions would match participant contributions up to 4.0% of the participant's pensionable earnings.
Senate Bill 401 is a re-introduction of Senate Bill 401 of the 2015-2016 Legislative Session.