BILL · 2005–06 SESSION

HB 2503: Pension funding

Creating the pension funding stabilization account.

Summary

  • Creates the Pension Funding Stabilization Account in the state treasury.
  • Expenditures from the Pension Funding Stabilization Account may be used only as employer contributions towards payment of unfunded liabilities in the Public Employees' Retirement System Plan 1 and the Teachers' Retirement System Plan 1 in existence on July 1, 2005.

From the House Bill Analysis (HB 2503), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2006
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Helen Sommers (D-36)
Introduced
January 10, 2006 in the House
Last action
January 10, 2006
Requested by
State agency
Companion bill
SB 6444
Budget
Has a fiscal note

AN ACT Relating to creating the pension funding stabilization account;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Appropriations.

HB 2503 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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