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Bill

S 2407

Makes local government business administrators eligible for memberships in PERS; provides for transfer of business administrators from participation in Defined Contribution Retirement Program to membership in PERS.

2026-2027 Regular Session Introduced by Tony Bucco

Bill adds local government business administrators to PERS pension program eligibility and allows current Defined Contribution participants to transfer, increasing municipal pension obligations.

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
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WeVote Research Nonpartisan
Bill Summary · S 2407

Legislative bill overview

S 2407 expands eligibility for the Public Employees' Retirement System (PERS) to include local government business administrators, a position currently excluded from this pension program. The bill also allows existing business administrators in the Defined Contribution Retirement Program to transfer into PERS, which typically offers more generous pension benefits.

Why is this important

This change affects compensation and retirement security for a specific class of municipal employees. It has direct fiscal implications for local governments, which may face increased pension liabilities and contribution requirements, potentially impacting municipal budgets and taxpayers. The bill also addresses equity concerns if business administrators in similar roles across different municipalities currently receive different retirement benefits.

Potential points of contention

  • Fiscal impact: Local governments and their taxpayers may face significantly higher long-term pension obligations and contribution costs, particularly for municipalities already managing substantial PERS liabilities
  • Fairness and scope: Questions about why business administrators specifically deserve PERS eligibility while other municipal administrative positions may remain excluded, and whether this creates precedent for similar expansions
  • Transition costs: The transfer provision could create immediate actuarial costs and administrative complexity in shifting existing employees' retirement accounts between systems

Compiled from official sources — confirm details with the bill’s official record.

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