❌ HB473
Bar public employer from paying employee retirement contributions
Summary
This bill prohibits public employers from paying employee contributions to state retirement systems, requiring employees to contribute a specified percentage of their salary instead. It amends several sections of the Revised Code related to public employee retirement contributions and establishes penalties for late reporting and payment. The changes apply to employment contracts entered into on or after the effective date of the bill.
Rationale
The bill restricts employer contributions to retirement systems, which conflicts with the Libertarian principles of minimal government interference in economic matters and individual rights to negotiate employment terms. Both the LP and LPO platforms advocate for free markets and limited government involvement in labor agreements.
Risks and Concerns
- Potential financial strain on public employees due to increased personal contributions.
- Reduced attractiveness of public sector employment.
- Increased administrative burden on public employers.