2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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Pooled Retirement Costs in Central Accounts

Item 505 #7c

Item 505 #7c

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 ($28,502,631) FY2006 ($29,741,876) GF

Page 370, line 50, strike "$12,058,693" and insert "($16,443,938)".
Page 370, line 50, strike "$116,397,852" and insert "$86,655,976".
Page 376, strike lines 13 to 39.

(This amendment is one of three that reverse the pooling of state employee and teacher retirement groups. Companion amendments to Item 505 and Item 145 capture the savings from use of a lower teacher retirement rate than that recommended by the Governor for teacher retirement.)