| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | - | LCO 3049 \\PRDFS1\HCOUSERS\BARRYJN\WS\2023HB-06564-R01- | |
| 4 | - | HB.docx | |
| 5 | - | 1 of 2 | |
| 3 | + | LCO No. 3049 1 of 2 | |
| 6 | 4 | ||
| 7 | 5 | General Assembly Raised Bill No. 6564 | |
| 8 | 6 | January Session, 2023 | |
| 9 | 7 | LCO No. 3049 | |
| 10 | 8 | ||
| 11 | 9 | ||
| 12 | 10 | Referred to Committee on HIGHER EDUCATION AND | |
| 13 | 11 | EMPLOYMENT ADVANCEMENT | |
| 14 | 12 | ||
| 15 | 13 | ||
| 16 | 14 | Introduced by: | |
| 17 | 15 | (HED) | |
| 18 | 16 | ||
| 19 | 17 | ||
| 20 | 18 | ||
| 19 | + | ||
| 21 | 20 | AN ACT CONCERNING THE UNFUNDED PENSION LIABILITY | |
| 22 | 21 | PORTION OF THE FRINGE BENEFIT COST FOR EMPLOYEES OF | |
| 23 | 22 | THE CONSTITUENT UNITS OF THE STATE SYSTEM OF HIGHER | |
| 24 | 23 | EDUCATION. | |
| 25 | 24 | Be it enacted by the Senate and House of Representatives in General | |
| 26 | 25 | Assembly convened: | |
| 27 | 26 | ||
| 28 | - | Section 1. (NEW) (Effective July 1, 2023) For the fiscal year ending 1 | |
| 29 | - | June 30, 2024, and each fiscal year thereafter, the Comptroller shall 2 | |
| 30 | - | fund, from resources appropriated for the State Comptroller-Fringe 3 | |
| 31 | - | Benefits, the unfunded pension liability portion of the fringe benefit 4 | |
| 32 | - | costs of the constituent units of the state system of higher education for 5 | |
| 33 | - | employees compensated through resources other than the General 6 | |
| 34 | - | Fund. Nothing in this section shall change the funding by the 7 | |
| 35 | - | Comptroller of the fringe benefit costs of the constituent units of the 8 | |
| 36 | - | state system of higher education for employees compensated through 9 | |
| 37 | - | the General Fund from resources appropriated for the State 10 | |
| 38 | - | Comptroller-Fringe Benefits. 11 | |
| 27 | + | Section 1. (NEW) (Effective July 1, 2023) For the fiscal year ending June 1 | |
| 28 | + | 30, 2024, and each fiscal year thereafter, the Comptroller shall fund, from 2 | |
| 29 | + | resources appropriated for the State Comptroller-Fringe Benefits, the 3 | |
| 30 | + | unfunded pension liability portion of the fringe benefit costs of the 4 | |
| 31 | + | constituent units of the state system of higher education for employees 5 | |
| 32 | + | compensated through resources other than the General Fund. Nothing 6 | |
| 33 | + | in this section shall change the funding by the Comptroller of the fringe 7 | |
| 34 | + | benefit costs of the constituent units of the state system of higher 8 | |
| 35 | + | education for employees compensated through the General Fund from 9 | |
| 36 | + | resources appropriated for the State Comptroller-Fringe Benefits. 10 | |
| 39 | 37 | This act shall take effect as follows and shall amend the following | |
| 40 | 38 | sections: | |
| 41 | - | Bill No. 6564 | |
| 39 | + | Raised Bill No. 6564 | |
| 42 | 40 | ||
| 43 | 41 | ||
| 44 | - | LCO 3049 {\\PRDFS1\HCOUSERS\BARRYJN\WS\2023HB-06564- | |
| 45 | - | R01-HB.docx } | |
| 46 | - | 2 of 2 | |
| 42 | + | ||
| 43 | + | LCO No. 3049 2 of 2 | |
| 47 | 44 | ||
| 48 | 45 | Section 1 July 1, 2023 New section | |
| 49 | 46 | ||
| 50 | - | HED Joint Favorable C/R APP | |
| 47 | + | Statement of Purpose: | |
| 48 | + | To require the Comptroller to fund the unfunded pension liability | |
| 49 | + | portion of the fringe benefit cost for employees of the constituent units | |
| 50 | + | of the state system of higher education. | |
| 51 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except | |
| 52 | + | that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not | |
| 53 | + | underlined.] | |
| 51 | 54 |