To require the Department of Treasury to create and post online an executive summary for each local government’s annual retirement system report. This would have to include the system’s unfunded liability for post-retirement health and pension benefits. Also, if a local system has less than 60 percent of what actuaries it should have to meet its benefit promises, it must post what steps are being taken to increase the funding level.
37 Yeas / 0 Nays | |
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Democrat (10 Yeas / 0 Nays) | |
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Excused or Not Voting (1) | |
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