-Requires new teachers and state employees to earn at least $7,500 to qualify for the state retirement program, which amount shall be adjusted annually in accordance with increases in the Consumer Price Index at a rate of up to 4 percent (Secs. 5, 7)
-Mandates that public employees work at least 20 hours a week to receive state health care benefits (Sec. 15).
-Raises the retirement age for teachers and state employees to 62 for those who become a part of the state retirement program after the passage of this bill (Secs. 18-24).
-Specifies that February 12, known as Lincolns Birthday, shall not be considered a public holiday granted to state government employees (Sec. 26).
-Requires the State Health Benefits Commission to conduct a continuous review of the various public employers participating in the State Health Benefits Program to ensure that only eligible retirees and their dependents are receiving health care coverage under the program (Sec. 17).