Senate Bill (SB) 1428: PSPRS modifications
Sponsor: Senator Lesko
Summary: SB1428 makes a variety of changes to the PSPRS system, including but not limited to new employees' contributions and plans.
League Position: SUPPORT - Many of the changes came from negotiations that the League was a part of, and were also included in the League's pension task force recommendations.
2/2/2016: SB1428 passed the Senate Finance Committee 5-0.
2/4/2016: Passed Senate COW. Passed Senate Third Read 28-0. Transferred to the House.
2/10/2016: SB1428 passed the House Insurance Committee by a vote of 7-1. The bill now proceeds to the Rules Committee.
2/11/2016: SB1428 passed the House COW and Third Reading.
2/15/2016: SB1428 passed the Senate Final Reading by a vote of 28-0. The bill will be sent to the Governor.
2/16/2016: SB1428 was signed by Governor Doug Ducey.