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SB 1016 - ASRS; ineligible contributions; unfunded liability

Tracking Level: Monitor
Sponsor: David Livingston (R)
Last Action: 4/30/2019 - Senate - Chapter 158
Senate Committee: Rules
House Committee: Rules

Staff Analysis of the Legislation

This bill requires an ASRS employer that has paid contributions on compensation that is not eligible for ASRS contributions to pay to ASRS any unfunded liability resulting from the provision of benefits or credit to that person.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text / PDF