General Bill
Actuarial Soundness of Retirement Systems:
Provides frequency of actuarial reports for retirement systems & plans placed on pension watch list; defines term "funded ratio"; creates pension watch list for retirement & pension plans failing to achieve specified funded ratio; provides strategic requirements for local governmental entities on pension watch list; provides when certain local governmental entities must implement their strategies; prohibits plans on pension watch list from increasing plan benefit levels; requires plans on pension watch list to use certain tax revenues for certain purposes until funded ratio for plan reaches certain percentage; provides for removal of plans from pension watch list; provides that sponsor of local governmental entity with defined benefit pension plan meeting specified requirements shall be deemed to be in financial urgency.
Effective Date:
July 1, 2012
Last Event:
Died in Government Operations Subcommittee on Friday, March 9, 2012 11:59 PM
(No Related Bills On Record)
Event |
Time |
Member |
Committee |
Ver. |
Event:
H Died in Government Operations Subcommittee
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Time:
03/09/2012 - 11:59 PM
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Member:
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Committee:
Government Operations Subcommittee
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Version:
__
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Event:
H 1st Reading
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Time:
01/19/2012 - 7:48 PM
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Member:
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Committee:
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Version:
__
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Event:
H Now in Government Operations Subcommittee
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Time:
01/19/2012 - 2:19 PM
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Member:
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Committee:
Government Operations Subcommittee
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Version:
__
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Event:
H Referred to State Affairs Committee
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Time:
01/19/2012 - 2:19 PM
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Member:
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Committee:
State Affairs Committee
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Version:
__
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Event:
H Referred to Finance & Tax Committee
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Time:
01/19/2012 - 2:19 PM
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Member:
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Committee:
Finance & Tax Committee
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Version:
__
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Event:
H Referred to Government Operations Subcommittee
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Time:
01/19/2012 - 2:19 PM
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Member:
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Committee:
Government Operations Subcommittee
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Version:
__
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Event:
H Filed
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Time:
01/18/2012 - 12:39 PM
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Member:
Brandes
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Committee:
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Version:
__
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