LCO No. 2615 1 of 2
General Assembly Raised Bill No. 6375
January Session, 2021
LCO No. 2615
Referred to Committee on HIGHER EDUCATION AND
EMPLOYMENT ADVANCEMENT
Introduced by:
(HED)
AN ACT CONCERNING TH E UNFUNDED PENSION L IABILITY
PORTION OF THE FRINGE BENEFIT COST FOR EMPLOYEES OF
THE CONSTITUENT UNIT S 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, 2021) For the fiscal year ending June 1
30, 2022, and for each fiscal year thereafter, the Comptroller shall fund, 2
from resources appropriated for the State Comptroller-Fringe Benefits, 3
the unfunded pension liability portion of the fringe benefit costs of the 4
constituent units of the state system of higher education for employees 5
compensated through resources other than the General Fund. Nothing 6
in this section shall change the funding by the Comptroller of the fringe 7
benefit costs of the constituent units of the state system of higher 8
education for employees compensated through the General Fund from 9
resources appropriated for the State Comptroller-Fringe Benefits. 10
This act shall take effect as follows and shall amend the following
sections:
Raised Bill No. 6375
LCO No. 2615 2 of 2
Section 1 July 1, 2021 New section
Statement of Purpose:
To require the Comptroller to fund the unfunded pension liability
portion of the fringe benefit cost for employees of the constituent units
of the state system of higher education.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
underlined.]