SB0474 (CH0475)

2013 Regular Session



State Retirement and Pension System - Funding Method and Amortization of Unfunded Liabilities or Surpluses

Sponsored by:

Senator Jones-Rodwell


Approved by the Governor - Chapter 475

Synopsis:Altering the amortization periods to be used for unfunded liabilities or surpluses of the State Retirement and Pension System; clarifying the application of a specified amortization period to specified changes; and phasing out a specified method for determining employer contribution rates for the employees' and teachers' retirement and pension systems.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Jones-Rodwell (Chair, Joint Committee on Pensions)
Additional Facts:Cross-filed with: HB0496
Bill File Type: Regular
Effective Date(s): July 1, 2013
Budget and Taxation  Listen to Committee HearingAppropriations  View Committee Hearing
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Correctional Officers
General Assembly -see also- AELR Cmte; Leg Policy Committee
Public Employees -see also- State Employees
Retirement Systems -see also- Mandatory Retirement
State Employees
Statutes:Article - State Personnel and Pensions

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October 24, 2017 1:08 P.M.