2018 Senate Bill 838 ↩

House Roll Call 871: Passed

To extend for another two years the Dec. 31, 2018 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 third extension of this deadline.