When the Legislature returns for one day on July 18, it's expected the Senate will take up the unfinished business of
SB 1040. While the House passed its version of the bill, the Senate adjourned on June 14 before taking any action.

The Senate will take up the House version which includes the
prefunding of the retirement system, giving new hires the option of a
defined contribution plan, and a freezing of the retirement rate for
school districts. All along, there have been Senators interested in
forcing all new hires into a defined contribution plan, but at issue is
the cost of such a move. The House version calls for a study analyzing
the cost benefit.
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