Introduced
by
To advance a 2018 school pension reform measure that phased-out an assumption that future payrolls will grow when estimating of how much must be contributed to the pension fund to meet future pension promises. Assuming payrolls will grow is one of the ways state pension managers created a huge school pension fund shortfall. The bill would advance by one year the phase-out of payroll growth assumptions still used in school pension calculations.
Referred to the Committee on Appropriations
