SB 1090 Changes the employer contribution for the College and University Retirement Plan and requires employees to contribute to the plan
Sponsor: Hegeman
LR Number: 6535S.03I Fiscal Notes
Committee: General Laws and Pensions
Last Action: 4/5/2016 - Voted Do Pass S General Laws and Pensions Committee Journal Page:
Title: Calendar Position:
Effective Date: July 1, 2017

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Current Bill Summary

SB 1090 - This act provides that the retirement plan for employees of certain higher education institutions shall contribute five and a half percent of payroll to the plan and that employees shall contribute two percent of pay.

The effective date of this act is July 1, 2017, and the act is identical to provisions in SS/SCS/SB 980 (2016).