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General Assembly Substitute Bill No. 6375
January Session, 2021
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 from passage) For the fiscal year ending 1
June 30, 2021, 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 Stat e 10
Comptroller-Fringe Benefits. 11
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
HED Joint Favorable Subst.