LCO No. 3049 1 of 2
General Assembly Raised Bill No. 6564
January Session, 2023
LCO No. 3049
Referred to Committee on HIGHER EDUCATION AND
EMPLOYMENT ADVANCEMENT
Introduced by:
(HED)
AN ACT CONCERNING THE UNFUNDED PENSION LIABILITY
PORTION OF THE FRINGE BENEFIT COST FOR 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, 2023) For the fiscal year ending June 1
30, 2024, and each fiscal year thereafter, the Comptroller shall fund, from 2
resources appropriated for the State Comptroller-Fringe Benefits, the 3
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. 6564
LCO No. 3049 2 of 2
Section 1 July 1, 2023 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.]