2019 House Bill 4533

Revise state employee pension management details

Introduced in the House

April 30, 2019

Introduced by Rep. Steven Johnson (R-72)

To lower the estimate of future returns on pension fund investments of the public school employee 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