Fiscal Note

HB0333 - Public Employees Supplemental Benefit Modifications

State Impact:
Provisions of this bill should save the state a significant amount in benefit expenses paid to retired and rehired state employees. Savings are estimated up to $91,700 per public employee, and up to $217,300 per public safety employee. The total number of employees who will be affected is unknown.

Individual, Business and/or Local Impact:
Local governments will save a significant amount in benefit expenses paid to retired and rehired employees. Savings are estimated up to $91,700 per public employee, up to $217,300 per public safety employee, and up to $151,100 per firefighter. Individual public retirees who would have been rehired and received a defined contribution will be affected.