(1) The general assembly hereby finds and declares that:
The payment of compensation to government-supported officials or employees aftersuch officials or employees have ended their employment creates unnecessary costs, which ultimately are borne by the taxpayers of this state.
In order to reduce government costs, it is necessary for the state to limit the paymentof postemployment compensation to government-supported officials and employees.
The continued payment of compensation to any official or employee after such official or employee has ended his or her service with a governmental unit or governmentfinanced entity not only affects the finances of such governmental unit or government-financed entity, but also has a serious impact on the state as a whole because of the total effect of such compensation payment arrangements on the ability of state and local governments to provide services using the scarce resources that are available. Further, the general assembly finds and declares that the provision of large payments to government-supported officials and employees after their employment has ended has caused grave damage to the trust of the citizens of this state in their state and local government officials. Because of these concerns, the general assembly finds and declares that this is a matter of statewide concern.
Source: L. 93: Entire article added, p. 662, § 1, effective July 1.