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AI Summary: The bill aims to require public retirement systems to make actuarially determined contributions, ensuring they contribute enough funds to cover future pension obligations. It seeks to promote financial stability and accountability within these systems by aligning contributions with actuarial recommendations. This can help prevent underfunding of pensions and reduce the risk of financial strain on retirees and taxpayers in the long run.
Latest Action: Bill Number Assigned
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Actions (23):
2024-01-26 : Bill Number Assigned
2024-01-29 : Received for Introduction
2024-02-13 : Introduced and Referred to H02 - Appropriations 49-12-1-0-0
2024-02-19 : H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0
2024-02-19 : Placed on General File
2024-02-20 : COW:Passed
2024-02-21 : 2nd Reading:Passed
2024-02-22 : 3rd Reading:Passed 41-21-0-0-0
2024-02-23 : Received for Introduction
2024-02-23 : Introduced and Referred to S02 - Appropriations
2024-02-27 : S02 - Appropriations:Recommend Do Pass 3-1-1-0-0
2024-02-27 : Placed on General File
2024-02-27 : COW:Passed
2024-02-28 : 2nd Reading:Laid Back
2024-02-29 : 2nd Reading:Passed
2024-03-01 : 3rd Reading:Passed 29-0-1-0-1
2024-03-04 : Received for Concurrence
2024-03-05 : Concur:Passed 62-0-0-0-0
2024-03-05 : Assigned Number HEA No. 0041
2024-03-05 : Speaker Signed HEA No. 0041
2024-03-05 : President Signed HEA No. 0041
2024-03-08 : Governor Signed HEA No. 0041
2024-03-08 : Assigned Chapter Number 60
Democrat Republican
74%
26%
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