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2012 Senate Bill 1171: Allow municipalities to revise employee pension systems
Introduced by Sen. John Pappageorge R-Troy on June 6, 2012
To allow a municipality to revoke or change its employee retirement plan or benefits with a majority vote of its governing body rather than a majority vote in a public election. The “accrued” pension benefits already earned by existing employees are guaranteed by the state constitution and would not be affected, but other post-employment benefits could be changed.   Official Text and Analysis.
Referred to the Senate Appropriations Committee on June 6, 2012