With two weeks remaining in the legislative session, a Senate committee will take up a new bill that could move more public workers into a 401(k)-type retirement plan rather than the traditional pension program.
The Senate Governmental Oversight and Accountability Committee was scheduled Monday to take up a proposed bill (SPB 7030) that would move public employees, ranging from school-district workers to university personnel, who are hired after Jan. 1 into the investment plan if they do not actively opt for the traditional pension coverage.
