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General Assembly Raised Bill No. 7118
January Session, 2019
LCO No. 4037
Referred to Committee on HIGHER EDUCATION AND
EMPLOYMENT ADVANCEMENT
Introduced by:
(HED)
AN ACT FUNDING THE UNFUNDED PENSION LIAB ILITY PORTION
OF THE FRINGE BENEFIT COST FOR CERTAIN EMPLOYEES OF THE
CONSTITUENT UNITS OF THE STATE SYSTEM OF HIGHER
EDUCATION.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (NEW) (Effective July 1, 2019) For the fiscal year ending 1
June 30, 2020, and for each fiscal year thereafter, the Comptroller shall 2
fund, from resources appropriated for the State Comptroller-Fringe 3
Benefits, the unfunded pension liability portion of the fringe benefit 4
costs of the constituent units of the state system of higher education for 5
employees compensated through resources other than the General 6
Fund. Nothing in this section shall change the funding by the 7
Comptroller of the fringe benefit costs of the constituent units of the 8
state system of higher education for employees compensated through 9
the General Fund from resources appropriated for the State 10
Comptroller-Fringe Benefits. 11
This act shall take effect as follows and shall amend the following
sections:
Raised Bill No. 7118
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Section 1 July 1, 2019 New section
HED Joint Favorable C/R APP