Public Employee Retirement Plan Changes
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Public statements
Last checked Aug 8, 5:22 AM
Why they voted this way
The lawmaker urges a yes vote because the House agreed to delete $3.4 million in funding for employee contributions, aligning with the Senate's position on the bill.
Why they voted this way
The lawmaker explains that the bill is a necessary first step to fully fund the retirement system within 30 years, which will eventually allow employees to receive cost-of-living adjustments.
Why they voted this way
The lawmaker supports the bill because paying for employee contributions for two years is a small price to secure a long-term solution for an underfunded pension plan.
R · S11
Why they voted this way
The lawmaker opposes the bill due to a lack of parity, as it pays employee shares for state employees but leaves local governments on the hook.
D · S17
Why they voted this way
The lawmaker explains that increasing employee contributions by one percent over two years will improve the retirement plan's funding level from a projected 88.5% to nearly full actuarial soundness of 99.5% by 2053, ensuring obligations are met.
Wyoming roll calls
8 roll calls
Official activity
Changes
2 stored
The amendment adds a new section to the bill that appropriates money from the general fund to cover increased employer contributions for public employee retirement plans in Wyoming.
The amendment removes certain changes made by the House to a bill about public employee retirement contributions.