Relating to public employee retirement; declaring an emergency.
Catchline/Summary:
Directs Public Employees Retirement Board once every two years to calculate savings in employer contributions attributable to legislation enacted in preceding two years and set aside savings in Employer Contributions Savings Account and rate stabilization subaccount. Directs Public Employees Retirement Board once every two years to calculate savings in employer contributions attributable to legislation enacted in preceding two years and set aside savings in Employer Contributions Savings Account and rate stabilization subaccount.
Allows board to apply amounts in rate stabilization subaccount to employer contributions in certain circumstances.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 3205 House Committee On Business and Labor
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