Archives: Pension Reform / Model Policies
Archives: Pension Reform / Model Policies
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Amendments to the State Agency Lobbying Reform Act
No Taxpayer Money for Lobbying or Political Campaigns Act Section 1. The Legislature finds that citizens are opposed to state agencies using public funds to influence the Legislature to protect…
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Public Trusts Pledge Prohibition Act
Section A: Addition to current statutes governing state agency duties [Bracketed portions may be adjusted for the needs of each state] Nongovernmental agreements a. Except as otherwise provided…
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State Government Employee Retirement Protection Act
(1) Definitions (a) The term “defined benefit pension plan” or “plan” shall mean any plan, fund or program which was heretofore or is hereafter established, maintained, or offered…
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ALEC Statement of Principles on Sound Pension Practices
Stability – Government pensions should be secure and safe from high risk assumptions. State and local governments should eliminate incentives to underfund pension commitments, or to over-expend benefits beyond available…
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Pension Funding and Fairness Act
Model Legislation {Title, enacting clause, etc.} Section 1. {Definitions.} (A) Emergency. “Emergency” means extraordinary circumstances outside the control of the Legislature, including: (1) Catastrophic events such as a natural…
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ALEC’s Statement of Principles on Fixing State and Local Government Defined-Benefit Plans
Primary Reforms Cap employer cost to a maximum amount of salary state will pay towards employee benefits Require the full ARC (or Normal Cost) of the plan to be paid…