An Act increasing the cap on outside income for public pension recipients
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to increase the limit on the amount of outside income that public pension recipients can earn without having their pension benefits reduced. Currently, there’s a cap on outside income, and this legislation aims to raise that cap. The bill seeks to provide greater financial flexibility for retirees who wish to supplement their pensions with part-time work or other income sources. It’s intended to allow public sector employees to maintain their standard of living more effectively.
Key provisions
- Increases the cap on outside income for public pension recipients.
- Specifically addresses income earned from outside employment.
- Aims to provide greater financial flexibility for retirees.
- The bill was referred to the Senate Committee on Public Service and subsequently the Senate Ways and Means committee.
Who is affected
- Public pension recipients
- State government employees
- Retired public sector workers
Notable changes
- Currently, there is a limit on the amount of outside income that can be earned without impacting pension benefits.
- This bill seeks to remove or increase that limit.
Bill text
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Sponsors
Official sponsors from legislative records.
10 on record
Primary sponsor
Michael F. Rush
Cosponsors
Michael F. Rush
Michael J. Soter
Arguments
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