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Senate Bill 0401


Senate Bill 0401

ARCHIVE (2007)

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DIGEST OF SB401 (Updated April 10, 2007 6:28 pm - DI 84)


Compensation of state officers and legislators. Provides that beginning in 2009, the annual salary of the members of the general assembly is an amount equal to 18% of the annual salary of a trial court judge. Beginning in 2009: (1) establishes the state's annual contribution for a participant in the legislators' defined contribution plan as a percentage of the participant's salary; (2) requires the board of trustees of the public employees' retirement fund (PERF) to determine the percentage annually; (3) requires the budget agency to confirm the percentage determined by the PERF board; and (4) requires that the percentage be determined using the state's employer contribution rate to fund the pension portion of the retirement benefit for state employees who are members of PERF and the rate at which the state makes contributions to annuity savings accounts on behalf of state employees who are members of PERF. Provides that the percentage may not exceed the state's total contribution rate for state employees who are members of PERF. Effective January 1, 2009, repeals a provision establishing the state's annual contribution for a participant in the legislators' defined contribution plan as 20% of the participant's annual salary. Effective January 1, 2009, defines salary for purposes of the contributions. Removes the statutory authority of the president pro tempore of the senate and the speaker of the house of representatives to elect to pay any part of the health insurance premium of a former member of the general assembly or the spouse of a former member of the general assembly whose last day of service is after July 31, 2007. Requires the public officers compensation advisory commission (commission) to make recommendations regarding all elements of compensation paid or provided to a public officer. (Under current law, the commission is limited to making recommendations regarding the salaries of public officers.) Requires the commission to recommend a compensation plan that enables an individual who is a public officer to select compensation elements to meet the individual's own circumstances while ensuring that individuals who hold the same public office receive compensation of equal value. Provides for salary adjustments certain state elected officials for periods during which the general assembly does not enact an increase. Appropriates from the state general fund amounts sufficient to fund any salary increases.
    Current Status:
     Law Enacted
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