SB 862

Requiring the Board of Trustees for the State Retirement and Pension System to certify certain employer contribution rates each fiscal year; requiring the employer contribution rates to include recognition of certain administrative and operational expenses; repealing a requirement that certain administrative and operational expenses of the State Retirement and Pension System and the State Retirement Agency be funded by charging each participating employer an administrative fee for each system participant; etc.

Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.