2018 Senate Bill 1178

Adopt local government pension reforms

Introduced in the Senate

Nov. 8, 2018

Introduced by Sen. Goeff Hansen (R-34)

To require local government pension systems to use a “level dollar” amortization method for repaying unfunded liabilities that requires annual pension fund contributions to be large enough to pay off the liabilities within 20 years. The bill also specifies more conservative investment assumptions that local pension fund managers must use when determining annual pension fund contribution requirements.

Referred to the Committee on Government Operations