19 | | - | Section 1. (NEW) (Effective from passage) For the fiscal year ending 1 |
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20 | | - | June 30, 2021, and for each fiscal year thereafter, the Comptroller shall 2 |
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21 | | - | fund, from resources appropriated for the State Comptroller-Fringe 3 |
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22 | | - | Benefits, the unfunded pension liability portion of the fringe benefit 4 |
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23 | | - | costs of the constituent units of the state system of higher education for 5 |
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24 | | - | employees compensated through resources other than the General 6 |
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25 | | - | Fund. Nothing in this section shall change the funding by the 7 |
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26 | | - | Comptroller of the fringe benefit costs of the constituent units of the 8 |
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27 | | - | state system of higher education for employees compensated through 9 |
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28 | | - | the General Fund from resources appropriated for the Stat e 10 |
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29 | | - | Comptroller-Fringe Benefits. 11 |
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| 28 | + | Section 1. (NEW) (Effective July 1, 2021) For the fiscal year ending June 1 |
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| 29 | + | 30, 2022, and for each fiscal year thereafter, the Comptroller shall fund, 2 |
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| 30 | + | from resources appropriated for the State Comptroller-Fringe Benefits, 3 |
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| 31 | + | the unfunded pension liability portion of the fringe benefit costs of the 4 |
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| 32 | + | constituent units of the state system of higher education for employees 5 |
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| 33 | + | compensated through resources other than the General Fund. Nothing 6 |
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| 34 | + | in this section shall change the funding by the Comptroller of the fringe 7 |
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| 35 | + | benefit costs of the constituent units of the state system of higher 8 |
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| 36 | + | education for employees compensated through the General Fund from 9 |
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| 37 | + | resources appropriated for the State Comptroller-Fringe Benefits. 10 |
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35 | | - | HED Joint Favorable Subst. |
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| 43 | + | |
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| 44 | + | LCO No. 2615 2 of 2 |
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| 45 | + | |
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| 46 | + | Section 1 July 1, 2021 New section |
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| 47 | + | |
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| 48 | + | Statement of Purpose: |
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| 49 | + | To require the Comptroller to fund the unfunded pension liability |
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| 50 | + | portion of the fringe benefit cost for employees of the constituent units |
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| 51 | + | of the state system of higher education. |
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| 52 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except |
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| 53 | + | that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not |
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| 54 | + | underlined.] |
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