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2024 Session

Budget Amendments - HB30 (Conference Report)

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Fund Group Life Insurance at Actuarial Certified Rate

Item 469 #5c

Item 469 #5c

First Year - FY2025 Second Year - FY2026
Central Appropriations
Central Appropriations FY2025 ($5,476,450) FY2026 ($5,714,555) GF

Language
Page 509, line 12, strike "$84,088,011" and insert "$78,611,561".
Page 509, line 12, strike "$174,632,045" and insert "$168,917,490".

Page 512, line 19, strike "1.34%" and "1.34%" and insert:

"1.18%" and "1.18%".

Page 512, line 33, strike "$2,720,859"  and insert "$8,197,309".

Page 512, line 33, strike "$2,839,154" and insert "$8,553,709".  



Explanation

(This amendment reflects savings of $11.2 million from the general fund over the biennium from funding the contribution rates for the employee group life insurance program based on the actuarial certified rate of 1.18 percent.)