Introduced
by
To cap the percentage of payroll that state universities must pay to “catch up” on past underfunding in the school pension system run by the state. This would mean that the state (taxpayers) would be required to cover required catch-up cost contributions above this level, which has also been the case for public school districts since 2012. The bill would also reduce year-to-year variations in the amount of each university's payroll that is subject to these assessments. Seven state universities were part of this system, but it was closed to new university employees in 1997.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered
by
To not cap the pension underfunding "catch up" cost assessments of universities that increase tuition above a specified level.
The amendment passed 28 to 9 (details)
Passed in the Senate 32 to 5 (details)
To cap the percentage of payroll that state universities must pay to “catch up” on past underfunding in the school pension system run by the state. This would mean that the state (taxpayers) would be required to cover required catch-up cost contributions above this level, which has also been the case for public school districts since 2012 (except that public schools don't collect other non-tax revenue). The bill would also reduce year-to-year variations in the amount of each university's payroll that is subject to these assessments. Seven state universities were part of this system, but it was closed to new university employees in 1997.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 100 to 8 (details)
To cap the percentage of payroll that state universities must pay to “catch up” on past underfunding in the school pension system run by the state. This would mean that the state (taxpayers) would be required to cover required catch-up cost contributions above this level, which has also been the case for public school districts since 2012 (except that public schools don't collect other non-tax revenue). The bill would also reduce year-to-year variations in the amount of each university's payroll that is subject to these assessments. Seven state universities were part of this system, but it was closed to new university employees in 1997.
Passed in the Senate 36 to 1 (details)
