Introduced
by
To lower the estimate of future returns on pension fund investments of the retirement system for judges and some state officials, 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. The bill would also establish a post-retirement defined-contribution health insurance option.
Referred to the Committee on Appropriations
