HB 509: Local Government Pension Reform
GENERAL BILL by Caldwell
Local Government Pension Reform; Requires that firefighter pension plans meet certain requirements in order to receive insurance premium tax revenues; revises existing payment provisions & provides for additional mandatory payment by municipality or special fire control district to firefighters' pension trust fund; deletes provision basing availability of additional benefits upon state funding; revises provisions relating to municipalities & special fire control districts that have their own pension plans & want to participate in distribution of tax fund; authorizes municipality to implement certain changes to local law plan; requires that police officer pension plans meet certain requirements in order to receive insurance premium tax revenues; deletes provision allowing local law plan to limit amount of overtime payments which can be used for retirement benefit calculations; revises existing payment provisions & providing for an additional mandatory payment by municipality to police officers' retirement trust fund; revises provisions relating to municipalities that have their own pension plans for police officers & want to participate in distribution of tax fund; requires plan sponsors to have defined contribution plan in place by certain date; authorizes municipality to implement certain changes to local law plan; provides declaration of important state interest.
Last Action: 5/2/2014 House - Died in Government Operations Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 1/7/2014 House • Filed
1/16/2014 House • Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 43
3/4/2014 House • Introduced -HJ 42
5/2/2014 House • Died in Government Operations Subcommittee
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HB 509, Original Filed Version (Current Bill Version) Posted 1/7/2014 at 2:46 PM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 7179 Local Government Pension Reform State Affairs Committee Compare Last Action: 5/2/2014 H Died, reference deferred
Location: Filed
H 7181 (e2) Public Retirement Plans State Affairs Committee Compare Last Action: 5/2/2014 S Died on Calendar, companion bill(s) passed, see HB 5005 (Ch. 2014-54)
Location: On 2nd Reading Calendar
S 246 (e1) Local Government Pension Reform Ring, Bradley Compare Last Action: 5/2/2014 H Died in Messages
Location: In messages from Senate
Citations - Statutes (12)
Citation Catchline Location in Bill Location In Bill Help 175.021 Legislative declaration. Page 3 (pdf) 175.032 Definitions. Page 4 (pdf) 175.071 General powers and duties of board of trustees. Page 15 (pdf) 175.091 Creation and maintenance of fund. Page 15 (pdf) 175.162 Requirements for retirement. Page 17 (pdf) 175.351 Municipalities and special fire control districts having their own pension plans for firefighters. Page 18 (pdf) 185.01 Legislative declaration. Page 25 (pdf) 185.02 Definitions. Page 25 (pdf) 185.06 General powers and duties of board of trustees. Page 35 (pdf) 185.07 Creation and maintenance of fund. Page 36 (pdf) 185.16 Requirements for retirement. Page 37 (pdf) 185.35 Municipalities having their own pension plans for police officers. Page 38 (pdf)