Introduced
by
To require that a supplemental actuarial evaluation be completed and distributed to the board of the state employee pension plan 30 days before any benefit change can be approved. Also, to clarify that not only the current costs, but also a portion of the unfunded accrued liability must be paid into the fund by the state each year.
Referred to the Committee on Senior Health, Security, and Retirement
Substitute offered
To replace the previous version of the bill one which requires that a supplemental actuarial evaluation be completed and distributed to the board of the state employee pension plan seven days before any benefit change can be approved, rather than 30 days.
The substitute passed by voice vote
Passed in the House 104 to 0 (details)
To require that a supplemental actuarial evaluation be completed and distributed to the board of the state employee pension plan seven days before any benefit change can be approved. Also, to clarify that not only the current costs, but also a portion of the unfunded accrued liability must be paid into the fund by the state each year.
Passed in the Senate 34 to 0 (details)
To exempt community hospital authorities which have less that $20,000 in assets from the requirement to hold monthly board meetings, and from certain reporting requirements.
