PERS PLAN 2 DEFAULT (HB 1560)
Our priority AFSCME Council 28 (WFSE)-initiated bill that would make PERS 2 the default pension plan for newly hired state employees.
2/26/18 HB 1560 died in Senate Ways & Means committee.
2/7/18 PERS 2 default – HB 1560 passed the House and is now in the Senate Ways and Means Committee.
Our priority bill on PERS 2 default passed the House earlier today (Jan. 29)
- PERS 2 default bill (HB 1560) passed out of the House Monday on a vote of 66-29 with 3 excused.
PERS PLAN 2 AS DEFAULT FOR NEW EMPLOYEES
1/17/18 Federation Vice President Judy Kuschel today (Jan. 17) urged the House Appropriations Committee to move the bill that would make PERS Plan 2 the retirement system default for new employees, rather than PERS 3. Too often, new state workers swamped with new employee information simply overlook choosing their retirement plan, Kuschel said. And there’s a big difference between the defined-benefit PERS 2 and the half defined- benefit, half defined-contribution plan. The PERS 2 Default Bill (HB 1560) is set for a committee vote tomorrow (Jan. 18).
1/2/18 Make PERS Plan 2 the retirement system default for new employees, rather than PERS Plan 3. New hires could still opt in to Plan 3, but would be enrolled in the defined benefit plan unless they decide otherwise. This provides fair protection for those among us who are less savvy financially, and saves the state money. HB 1560 passed the House 91-7 in 2017.