Model Policies

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…

(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…

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…

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…

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…