BILL · 2023–24 SESSION

SB 5084: Self-insured pensions/fund

Creating a separate fund for the purposes of self-insured pensions and assessments.

Summary

  • Creates the Self-Insurance Reserve Fund for payments from self-insured employers related to workers' compensation pensions and from the Overpayments Reimbursement Fund.
  • Allows the State Investment Board to invest any excess amounts in the Self-Insurance Reserve Fund.
  • Provides that the Second Injury Fund will retain its proportionate share of earnings in the fund held by the State Treasurer's Office.

From the House Bill Report (SB 5084), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 110, Laws of 2023
  1. IntroducedJan 9, 2023
  2. Out of committeeFeb 9, 2023
  3. Passed SenateMar 8, 2023
  4. Passed HouseApr 6, 2023
  5. GovernorApr 20, 2023
  6. LawApr 20, 2023
Prime sponsor
John Braun (R-20)
Introduced
January 9, 2023 in the Senate
Last action
April 20, 2023
Session law
Chapter 110, Laws of 2023
Requested by
State agency
Companion bill
HB 1558
Budget
Has a fiscal note

AN ACT Relating to creating a separate fund for the purposes of self-insured pensions and assessments;

Sponsors

Prime sponsor: John Braun (R-20)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed March 8, 2023
Version voted on: SB 5084
47 Yea 2 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat27200
Republican20000
How each member voted

House · 3rd Reading & Final Passage

Passed April 6, 2023
Version voted on: SB 5084
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat58000
Republican40000
How each member voted

Yea (98)

History

  1. Effective date 7/1/2025*.
  2. Chapter 110, 2023 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  8. Rules suspended. Placed on Third Reading.
  9. Rules Committee relieved of further consideration. Placed on second reading.
  10. Referred to Rules 2 Review.
  11. APP - Executive action taken by committee.
  12. APP - Majority; do pass.
  13. Referred to Appropriations.
  14. LAWS - Majority; do pass.
  15. LAWS - Executive action taken by committee.
  16. First reading, referred to Labor & Workplace Standards.
  17. Third reading, passed; yeas, 47; nays, 2; absent, 0; excused, 0.
  18. Rules suspended. Placed on Third Reading.
  19. Placed on second reading by Rules Committee.
  20. Passed to Rules Committee for second reading.
  21. Minority; without recommendation.
  22. WM - Majority; do pass.
  23. Referred to Ways & Means.
  24. And refer to Ways & Means.
  25. LC - Majority; do pass.
  26. First reading, referred to Labor & Commerce.
  27. Prefiled for introduction.

SB 5084 in other sessions

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

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