Introduced by Sen. Goeff Hansen R-Hart on November 8, 2018
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. Official Text and Analysis.
Referred to the Senate Government Operations Committee on November 8, 2018