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• Modify outdated death benefit provisions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