Introduced
by
To cap at 6.7% the “discount rate” (return estimate) that managers of the state’s government employee pension system use to determine how much assets in state pension funds will grow over time (and whether it’s enough to meet the state’s pension promises to employees). Also, to require that if new unfunded liability gaps appear, they must be filled (“caught-up on”) within 10 years or less.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 35 to 0 (details)
Referred to the Committee on Appropriations
