BILL · 2017–18 SESSION · LATEST VERSION SSB 5900

SB 5900: Unfunded actuarial liability

Making expenditures from the budget stabilization account for public employer unfunded actuarially accrued liabilities.

Summary

Appropriates $700 million from the Budget Stabilization Account to the Public Employees Retirement System Plan 1 Fund to reduce the plan's underfunded actuarially accrued liability (UAAL).
Creates surcharge on all employers that make payments toward the plan's UAAL that is equal to the amount to which the UAAL rate will be reduced to reimburse the General Fund.

From the Senate Bill Report (SB 5900), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor

AN ACT Relating to making expenditures from the budget stabilization account for public employer unfunded actuarially accrued liabilities;

No recorded floor votes.

Jan 8, 2018By resolution, reintroduced and retained in present status. (SSB 5900)
Jan 8, 2018Senate Rules "X" file. (SSB 5900)
Jan 8, 2018Senate Rules "X" file.
Jan 8, 2018By resolution, reintroduced and retained in present status.
Jun 21, 2017By resolution, reintroduced and retained in present status. (SSB 5900)
Jun 21, 2017By resolution, reintroduced and retained in present status.
May 23, 2017By resolution, reintroduced and retained in present status. (SSB 5900)
May 23, 2017By resolution, reintroduced and retained in present status.
Apr 24, 2017By resolution, reintroduced and retained in present status. (SSB 5900)
Apr 24, 2017By resolution, reintroduced and retained in present status.
Apr 23, 2017Returned to Rules. (SSB 5900)
Apr 23, 2017Returned to Rules.
Mar 23, 2017Passed to Rules Committee for second reading. (SSB 5900)
Mar 23, 2017Placed on second reading by Rules Committee. (SSB 5900)
Mar 23, 2017Placed on second reading by Rules Committee.
Mar 23, 2017Passed to Rules Committee for second reading.
Mar 22, 2017WM - Majority; 1st substitute bill be substituted, do pass. (SSB 5900)
Mar 22, 2017Minority; do not pass. (SSB 5900)
Mar 22, 2017Minority; do not pass.
Mar 22, 2017WM - Majority; 1st substitute bill be substituted, do pass.
Mar 21, 2017First reading, referred to Ways & Means.

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

SB 5900 (2025–26) Cannabis/health facilities · Did not pass · died in committee
SB 5900 (2023–24) Construction crane safety · Did not pass · died in committee
SB 5900 (2021–22) Provisional paramedics, EMTs · Did not pass · passed Senate, stalled in House
SB 5900 (2019–20) LGBTQ coordinator/veterans · Enacted · Chapter 56, Laws of 2020
SB 5900 (2015–16) The homeless/religious orgs · Did not pass · stalled on the Senate floor
SB 5900 (2013–14) Voter-approved tax · Did not pass · died in committee
SB 5900 (2011–12) Public employment T.O. · Did not pass · died in committee
SB 5900 (2009–10) Youth innovation education · Did not pass · died in committee