BILL · 2021–22 SESSION

SB 5959: FML insurance solvency

Concerning the financial stability and solvency of the family and medical leave insurance account.

Summary

  • Directs the Office of the State Actuary to provide Paid Family and Medical Leave (PFML) actuarial assistance to the Employment Security Department (ESD) and to prepare biennial reports regarding PFML financial stability.
  • Appropriates $125,000,000 Coronavirus State Fiscal Recovery funds into the Family and Medical Leave Insurance Account (FMLIA) in fiscal year (FY) 2022.
  • Directs the transfer of Dedicated Marijuana Account funds into the FMLIA to eliminate, or reduce to maximum extent, a PFML solvency surcharge in FY 2023 thru 2028.

From the Senate Bill Report (SB 5959), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 28, 2022
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Lynda Wilson (R-17)
Introduced
January 28, 2022 in the Senate
Last action
January 28, 2022
Budget
Has a fiscal note

AN ACT Relating to the financial stability and solvency of the family and medical leave insurance account;

Sponsors

Prime sponsor: Lynda Wilson (R-17)

3 co-sponsors (0 Democrats, 3 Republicans)

Votes

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

History

  1. First reading, referred to Ways & Means.

SB 5959 in other sessions

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

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