HB 2816 - DIGEST

     Declares an intent to:  (1) Allow employees to choose to manage the investment of their employee and employer retirement contributions;

     (2) increase flexibility for such employees to make transitions into other public or private sector employment;

     (3) increase employee options for addressing retirement needs, personal financial planning, and career transitions; and

     (4) continue the legislature's established policy of having employees contribute toward their retirement benefits.