Relating to the Public Employees Retirement Fund; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Directs Public Employees Retirement Board to establish separate account in Public Employees Retirement Fund consisting of funds transferred from portion of ending balances of other funds accounts. Directs Public Employees Retirement Board to establish separate account in Public Employees Retirement Fund consisting of funds transferred from portion of ending balances of other funds accounts. Requires moneys in account to be applied to reduce employer contributions required of local governments and school districts.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 452 Senate Committee On Rules
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