New Pension Spiking Process
During the 2017 regular session of the General Assembly, Senate Bill 104 was enacted creating new pension spiking rules for members retiring on or after January 1, 2018. Watch this video for an overview of these changes and the new process for retiring members and employers.
File Layout Changes Postponed
In light of the potential for pension reform, we will not be implementing file layout changes until we can determine if there will be future changes to the reporting process.
The postponed file layout changes relate to 2015 and 2016 legislation for House Bill 364 (Sheriff Employment of Retired Police), Senate Bill 206 (City Employment of Retired Police Officer) and House Bill 153 (Volunteer Service Reimbursements). We are currently evaluating whether or not additional changes will be required by Senate Bill 104 (Pension Spiking) passed in the 2017 legislative session.
We want to simplify this process and implement all file layout changes at once, reducing implementation costs and allowing time for training.