2014 Senate Bill 792

Disclose unfunded liabilities in state budget

Introduced in the Senate

Feb. 18, 2014

Introduced by Sen. John Proos (R-21)

To require the official “executive budget’ the governor is constitutionally required to submit to the legislature each year to include an accounting by department of the unfunded liabilities incurred to pay future pension and post- retirement health benefits promised to retired employees (“legacy costs”).

Referred to the Committee on Appropriations

Sept. 30, 2014

Reported without amendment

With the recommendation that the bill pass.