2019 House Bill 4530

Revise state pension management details

Introduced in the House

April 30, 2019

Introduced by Rep. Thomas Albert (R-86)

To lower the estimate of future returns on pension fund investments of the state police retirement system, update estimates on how long retirees will continue to collect pensions, pay off any new underfunding debt the system may incur over 10-year periods, and require managers to certify each year that pension fund contributions made during the year meet projections of the amount needed to pay for future benefits.

Referred to the Committee on Appropriations