SENATE BILL 1061

File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 1379

Sponsored By:

Senator Madaleno

Entitled:

State Retirement and Pension System - Funding

Synopsis:

Altering the determination of the State's contribution for the several systems of the State Retirement and Pension System; increasing the number of years unfunded liabilities of the State Retirement and Pension System shall be amortized from 25 years to 30 years; requiring the State's actuary to calculate a specified alternative contribution rate for the Employees' Retirement and Pension Systems and the Teachers' Retirement and Pension Systems; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.

Senate Action

3/1

First Reading Senate Rules

3/5

Re-referred Budget and Taxation

Hearing 3/18 at 8:00 a.m.

House Action

No Action

Bill indexed under the following Subjects:

Public Employees -see also- State Employees

Retirement Systems -see also- Mandatory Retirement

State Employees

Sunset

Teachers

Bill affects the following Statutes:

State Personnel and Pensions

( 21-304 , 21-305.2 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered