5/3/24 Update on hybrid pension bills


The hybrid pension bills are still moving through the legislative process in both the Senate and House of Representatives. Over the past several weeks the Senate and House appropriations committees have been working on budget proposals for all the individual state departments and have included funding for the pension bills in their proposals. This is an important part of the process and allows funding for the bills to be considered as part of both the House and Senate versions of the overall state budget proposal. Over the next two weeks, the House and Senate will be voting on their final versions of the budget proposals.

This entire process has been very long and tedious. There are many steps in the legislative and funding processes that proposed bills must go through before being voted on. Within the next two weeks, we will have an update on the outcome of the final versions of the Senate and House budget proposals and next steps for these bills to move forward.

B. Osborn

MCO President