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OH HB30
Bill
Status
2/18/2009
Primary Sponsor
John Adams
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AI Summary
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Requires employing units to have proposed retirement incentive plans for PERS members analyzed by a state university within 90 days before implementation, including cost-benefit analysis and advisability recommendation.
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Assigns analysis responsibility to specific universities based on employing unit location: Ohio State University, University of Toledo, Cleveland State University, Ohio University, or University of Cincinnati.
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Prohibits employees who participate in a retirement incentive plan from being re-employed by the same employer that established the plan.
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Applies analysis requirement to state agencies, municipal corporations, counties, and other public employers offering retirement incentive plans under sections 145.297 and 145.298.
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Permits employing units to proceed with plan establishment regardless of university analysis recommendations, which become public records.
Legislative Description
To require an analysis of each proposed retirement incentive plan for Public Employees Retirement System members and to prohibit a member who participates in such a retirement incentive plan from being re-employed by the same employer.
PERS-study retirement incentive plans/prohibit re-employment by same employer
Last Action
To Financial Institutions, Real Estate, & Securities
2/18/2009