2014 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Ruff
Increase Retiree Health Care Credit (SB 103)

Item 467 #6s

Item 467 #6s

First Year - FY2015 Second Year - FY2016
Central Appropriations
Central Appropriations FY2015 $9,000,000 FY2016 $9,000,000 GF

Page 397, line 4, strike "$120,942,739" and insert "$129,942,739".
Page 397, line 4, strike "$157,709,181" and insert "$166,709,181".

(This amendment provides funding towards the general fund share of costs to implement Senate Bill 103, which provides for an increase in the monthly retiree health care credit for retirees from $4 per year of creditable service to $5 per year of service. As introduced, the bill is estimated to increase the unfunded liability for the state employees' retirement by $210 million.)