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2011 Legislation Affecting TFFR

Funding & Benefit Update

HB 1134 Funding Improvements (Study Bill 54) - APPROVED
Sponsor: TFFR Board

HB 1134 Status

  • Increase employee (teacher) contributions 4% over 2 bienniums
  • Increase employer (school district) contributions 4% over 2 bienniums
  • Require re-employed retirees to pay employee contribution rates
  • Modify disability benefits
  • Modify eligibility for unreduced retirement benefits and reduction factor for reduced retirement benefits for non-grandfathered employees

Summary of Provisions
Testimony
Interim Study Actuarial Analysis

HB 1133 TFFR Technical Changes (Study Bill 56) - APPROVED
Sponsor: TFFR Board

HB 1133 Status

  • Clarify the definition of beneficiary
  • Clarify the definition of eligible retirement salary
  • Modify outdated death benefit provisions
  • Incorporate federal tax law changes

Testimony
Interim Study Actuarial Analysis

 

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