Legislature(1997 - 1998)
05/11/1997 11:20 AM House FIN
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SENATE BILL 130 "An Act amending the retirement incentive programs for municipalities and school districts; and providing for an effective date." ROXANNE STEWART, STAFF, SENATOR JIM DUNCAN, stated that SB 130 would allow school districts and municipalities to request one or more window periods before 6/30/99, to allow their employees to participate in the retirement incentive program. The bill would allow school districts and municipalities to request one or more window periods up until 6/30/99, with retirement required within six months of the end of the application period. That would give school districts and municipalities more flexibility to address declining revenue over the same period as is available under the State employees Retirement Incentive Program. She stated that it would be in the best interest of our municipal governments and school districts to allow them the maximum flexibility to address declining State revenues and increasing demands for public services through the use of the Retirement Incentive Program (RIP). Representative J. Davies asked who would make the final determination of eligibility. Ms. Stewart stated that the school board would make the decision as to whether a person could qualify. Representative Foster MOVED to report SB 130 out of Committee with individual recommendations and with the accompanying fiscal note. There being NO OBJECTION, it was so ordered. SB 130 was reported out of Committee with "no recommendation" and with a fiscal note by the Department of Administration dated 4/29/97.
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