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H 0651 - State Pension/Ret. Health Ben. Fund Solvency

Tracking Level: Enacted
Sponsor: Nelson Dollar (R)
Last Action: 6/22/2018 - Ch. SL 2018-30
House Committee: PR
Senate Committee: RulesOS
Assigned To:
BudgetNext Bill

Staff Analysis of the Legislation

Mandates that certain portions of unreserved and unspent funds from the state budget’s General Fund be placed into a reserve fund each year for the purposes of funding retirement benefits for state employees. Specifies that some of these transfers would happen only after fully funding the state’s Savings Reserve, should that be established by law in this legislative biennium. (version 1)

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