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Senate Bill 0248


Senate Bill 0248

ARCHIVE (2013)

Latest Information

 

DIGEST OF SB 248 (Updated April 26, 2013 9:49 pm - DI 102)


State employee deferred compensation contributions. Increases to 2% the amount of a state employee's base salary contributed during the first year the employee is automatically enrolled in the state's deferred compensation plan (plan), if that amount is greater than the maximum state match. (Currently, a state employee's contribution in the first year the employee is automatically enrolled in the plan is the greater of: (1) the maximum state match; or (2) 0.5% of the employee's base salary.)
    Current Status:
     Law Enacted
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