Modifies use of cooperative purchasing agreements by certain public contracting units for construction services; prohibits time-and-materials contracts in certain circumstances; allows indefinite delivery, indefinite quantity public contracts in certain circumstances.
Impact
If enacted, S1442 would effectively reinstate a provision that was previously in place but repealed in 2011. By allowing retired public employees to retain their pension while serving as elected officials, the bill may attract seasoned professionals to continue their public service roles without compromising their financial stability. This change can lead to a more experienced workforce within state government, thus potentially enhancing the quality of governance. However, it may also strain public pension funds if not managed carefully.
Summary
Senate Bill S1442 aims to amend existing regulations concerning the retirement status of public employees who are members of the Public Employees' Retirement System (PERS). The bill specifically allows certain retired public employees serving in elected positions to collect their pension benefits while simultaneously drawing a full salary from the office they hold. This provision is designed for individuals whose pension is not solely based on the period they served in their current elected role. The bill intends to ease financial constraints for these individuals and encourage their continued participation in public service.
Sentiment
The sentiment surrounding S1442 appears to be mixed. Supporters of the bill argue that it is a fair measure that acknowledges the contributions of retired officials and encourages them to remain involved in civic duties without the burden of financial loss. On the other hand, fiscal conservatives and some taxpayer advocacy groups may view the bill with skepticism, worrying about the implications for pension liabilities and the fairness of allowing individuals to draw a pension while earning a salary.
Contention
The primary contention surrounding S1442 lies in balancing the financial aspects of pension systems with the need for experienced individuals in public office. Critics assert that allowing individuals to collect both salary and pension could create disparities in the remuneration of public officials. Moreover, the potential for increased burden on the state's pension fund raises concerns regarding long-term sustainability and equitable treatment of both current and future retirees.
Same As
Modifies use of cooperative purchasing agreements by certain public contracting units for construction services; prohibits time-and-materials contracts in certain circumstances; allows indefinite delivery, indefinite quantity public contracts in certain circumstances.
Carry Over
Modifies use of cooperative purchasing agreements by certain public contracting units for construction services; prohibits time-and-materials contracts in certain circumstances; allows indefinite delivery, indefinite quantity public contracts in certain circumstances.
Carry Over
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
Modifies use of cooperative purchasing agreements by certain public contracting units for construction services; prohibits time-and-materials contracts in certain circumstances; allows indefinite delivery, indefinite quantity public contracts in certain circumstances.
Modifies use of cooperative purchasing agreements by certain public contracting units for construction services; prohibits time-and-materials contracts in certain circumstances; allows indefinite delivery, indefinite quantity public contracts in certain circumstances.
Establishes indefinite delivery and indefinite quantity professional services contracting for design services for certain projects (RE NO IMPACT See Note)
Allows local contracting unit to accept bid up to 10 percent more than lowest responsible bid in awarding public contracts under certain circumstances.