Legislative Fiscal Report : Presented to the ... Legislature 2007 Special
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In our eReader you can find the full English version of the book. Read Legislative Fiscal Report : Presented to the ... Legislature 2007 Special Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Legislative Fiscal Report : Presented to the ... Legislature 2007 Special
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To quickly assess the difficulty of the text, read a short excerpt:
This has the effect of leveling out the salaries and mitigates a "spike in salary" that can result in higher, but unfunded, benefit increases.
• Limit the percent increase in salary allowed for the benefit calculation for new hires. Again, this would mitigate "spikes" in salaries.
• Increase the employee contribution for new hires.
• Increase the employer contribution for all active members. Because contributions are a product of payroll, which is funded by various sources, this option spreads ...the costs among the various fund sources (general fund, state special revenue, federal funds, and proprietary funds). This is part of the solution suggested in draft legislation by the SAVA committee.
• Avoid early retirement incentives.
• For early retirement incentives, have the employer pay the resulting unfunded liability.
• Have retirement system members and/or employers contribute an additional percentage toward an early retirement plan (refundable if not used).
Legislative Fiscal Report 2005 Special Session 20 Legislative Fiscal Division Retirement Systems Unfunded Liability Options for Long-Term Resolution • Close loopholes, such as salary spiking and creative return to work provisions.
What to read after Legislative Fiscal Report : Presented to the ... Legislature 2007 Special?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Fiscal Analyst to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This has the effect of leveling out the salaries and mitigates a "spike in salary" that can result in higher, but unfunded, benefit increases.
• Limit the percent increase in salary allowed for the benefit calculation for new hires. Again, this would mitigate "spikes" in salaries.
• Increase the employee contribution for new hires.
• Increase the employer contribution for all active members. Because contributions are a product of payroll, which is funded by various sources, this option spreads ...the costs among the various fund sources (general fund, state special revenue, federal funds, and proprietary funds). This is part of the solution suggested in draft legislation by the SAVA committee.
• Avoid early retirement incentives.
• For early retirement incentives, have the employer pay the resulting unfunded liability.
• Have retirement system members and/or employers contribute an additional percentage toward an early retirement plan (refundable if not used).
Legislative Fiscal Report 2005 Special Session 20 Legislative Fiscal Division Retirement Systems Unfunded Liability Options for Long-Term Resolution • Close loopholes, such as salary spiking and creative return to work provisions.
What to read after Legislative Fiscal Report : Presented to the ... Legislature 2007 Special?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Fiscal Analyst to read onlineMoreLess
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