HB1072: State Retirement and Pension System - Administrative Fees - Repeal

Legislative Summary

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.