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Labor & Employment – Public Employees – Retirement – Pension Cap – Rulemaking – Schools & School Boards (access required)

The General Assembly’s 2014 anti-pension-spiking legislation instructs the Retirement Systems Division to set a cap on pensions, but to allow a retiring employee to avoid the cap by making a payment based on an actuarial computation. Although this “cap factor” must be based on the recommendation of an actuary, this does not relieve the division ...

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