Deferred compensation program-state contribution.
In one sentence
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Official record
Public statements
Last checked Aug 7, 5:16 PM
Why they voted this way
The lawmaker explains that increasing the state match for deferred compensation incentivizes current employees to self-fund their own cost-of-living adjustments, which mitigates the risk of reducing the system's actuarial funded ratio.
Why they voted this way
The lawmaker expresses concern that the bill diverts funds away from providing cost-of-living adjustments to retirees who have already retired.
R · H37
Why they voted this way
The lawmaker supports the concept of incentivizing self-funded cost-of-living adjustments but opposes voting for the bill now due to concerns about spending $17 million that may need to be cut in future years.
If a lawmaker is not listed, we couldn't find a published reason.
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