PERS Agency Bill
The technical corrections introduced at PERS' request by the Governor remained unchanged in this bill: modifications to the retirement plan options for legislators; clean-up of the eligible trustee to trustee transfer retirement credit purchases; and fixing the vesting dates for OPSRP and IAP accounts. The bill was also amended to include the provisions of HB 2114, dealing with the dual membership problem of members who withdraw from the IAP but are prohibited from withdrawing from OPSRP Pension. Lastly, another amendment was made to authorize OSGP to offer a Roth 457 account to conform to the change in federal law. The bill provides Other Fund limitation of $475,600 for implementing the change to the OPSRP vesting standard.
Text of HB 2113 in .pdf format