2021 House Bill 5054 ↩

House Roll Call 81: Passed

To appropriate $1.5 billion in the current fiscal year to boost underfunded local government employee pension systems. Of this, $900 million would go to those with the most severe underfuniing (below 60% of what actuaries estimate they should have), $250 million would go to local governments whose pension underfunding is less severe, which could be used against other debt reduction or on infrastructure spending; and $350 million would go to reduce the unfunded liabilities in the State Police pension system. The money would come from state not federal revenue sources, using money freed-up by massive epidemic-related federal cash injections.