Public employee retirement plan-contributions.
In one sentence
Not clearly identified in the stored source.
No additional limitations are listed.
Official record
Bill Summary Bill No.: HB0109 Effective : 9/1/2018 LSO No.: 18LSO-0418 Enrolled Act No.: HEA No. 0065 Chapter No.: 119 Prime Sponsor: Joint Appropriations Committee Catch Title: Public employee retirement plan-contributions. Subject: Increasing public employee retirement contributions. Summary/Major Elements: This act increases the employee and employer contribution rates for the Public Employee Pension Pla n. This plan, commonly known as the "Big Plan" , covers most state and numerous other public employees, including tier 1 and tier 2 members. The act does not affect other p lans that cover law enforcement, firefighter , judiciary , and emergency medical technician members. The act provides for a total 2% increase in employer and employee contribution rates which will be fully effective July 1 , 202 0 . The act phases in the new rates as follows: The employee contribution rate is increased by .25% on September 1, 2018, July 1, 2019, July 1 2020, and July 1, 202 1 . The total employee contribution rate is increased by a total 1%. The employer contribution rate is increased by .25% on September 1, 2018, July 1, 2019 , July 1, 2020, and July 1, 2021 . The total employer contribution rate is increased by a total 1%. The act r equires state employees covered by the plan to pay the employee contribution rate through a reduction in cash salary. The state may not pay or "pick-up" the 1% state employee contribution rate increase . The act p rovides various appropriations for the employer contribution rate increases. Comments: Effective September 1, 2018. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill .
Public statements
Last checked Aug 8, 8:09 PM
Why they voted this way
The lawmaker supports concurrence because the amendment restores local control for school boards to decide on benefit allocation while also making the retirement system more secure.
Why they voted this way
The lawmaker supports the amendment because it accelerates reaching a fully funded retirement system status and provides greater security for employees' futures, potentially allowing for future cost-of-living adjustments.
Why they voted this way
The lawmaker opposes the bill because they believe it improperly shifts financial responsibility to the state for special districts and subsidiaries, arguing that local boards lack 'skin in the game' when making these decisions.
R · H09
Why they voted this way
The lawmaker supports the amendment because it incentivizes young employees to commit long-term to Wyoming by offering them valuable retirement benefits if they stay for at least four years.
Why they voted this way
The lawmaker urges an 'aye' vote because the bill maintains required contributions from state employees while restoring standard flexibility for block-grant employers, which combined with another bill strengthens the retirement system.
R · H09
Why they voted this way
The lawmaker argues that requiring new hires to pay a portion of their pension contributions creates unfair division and lower compensation for them compared to existing employees doing the same work.
H31
Why they voted this way
The lawmaker states that due to a significant budget shortfall, new employees must pay their fair share of retirement contributions rather than having the state cover the entire cost.
Wyoming roll calls
8 roll calls
Official activity
Changes
5 stored
Failed 3rd reading by Clem
Withdrawn 3rd reading by Brown
Failed Committee of the Whole by Schwartz
H Adopted, S Adopted Conference Committee
Adopted 2nd reading by Perkins