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
|
Time:
03/09/2012 - 11:59 PM
|
Member:
|
Committee:
Government Operations Subcommittee
|
Version:
__
|
|
Event:
H 1st Reading
|
Time:
01/19/2012 - 7:48 PM
|
Member:
|
Committee:
|
Version:
__
|
|
Event:
H Now in Government Operations Subcommittee
|
Time:
01/19/2012 - 2:19 PM
|
Member:
|
Committee:
Government Operations Subcommittee
|
Version:
__
|
|
Event:
H Referred to State Affairs Committee
|
Time:
01/19/2012 - 2:19 PM
|
Member:
|
Committee:
State Affairs Committee
|
Version:
__
|
|
Event:
H Referred to Finance & Tax Committee
|
Time:
01/19/2012 - 2:19 PM
|
Member:
|
Committee:
Finance & Tax Committee
|
Version:
__
|
|
Event:
H Referred to Government Operations Subcommittee
|
Time:
01/19/2012 - 2:19 PM
|
Member:
|
Committee:
Government Operations Subcommittee
|
Version:
__
|
|
Event:
H Filed
|
Time:
01/18/2012 - 12:39 PM
|
Member:
Brandes
|
Committee:
|
Version:
__
|