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Senate Roll Call on
2015 Senate Bill 86: Authorize more local “pension obligation bonds”

To extend for one year the Dec. 31, 2015 sunset on a law passed in 2012 to allow local governments to borrow money to cover unfunded employee pension liabilities, which is allowed only if the local has closed its traditional “defined benefit” pension system to new employees. The law also allows locals to incur long term debt to pay for future retiree health insurance costs, which unlike pensions are not legally enforceable obligations. This would be the second extension of this deadline.

View the rest of Senate Bill 86: History, Amendments & Comments 

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IN FAVOR

SENATE DEMOCRATS

SENATE REPUBLICANS


AGAINST

SENATE DEMOCRATS
none

SENATE REPUBLICANS
none


SENATE LEGISLATORS ORDERED BY NAME


Senate Roll Call on 2015 Senate Bill 86