Provides for continued payment of the unfunded accrued liability portion of employer contributions after participation ceases. (6/30/11) (EN ACTUARIAL SAVINGS)
Provides for continued payment of the unfunded accrued liability portion of employer contributions after participation ceases (OR INCREASE FC GF & LF EX)
Provides for payment of unfunded accrued liability by an employer participating in the Municipal Police Employees' Retirement System (EN NO IMPACT APV)
Provides for the payment of unfunded accrued liability by employers eliminating positions covered by the Municipal Employees' Retirement System of Louisiana (EN NO IMPACT APV)
Requires employers who terminate participation in the Municipal Police Employees' Retirement System to pay the portion of the system's unfunded accrued liability attributable to the employer's participation in the system (EN NO IMPACT APV)
Relative to funding of state retirement systems, provides for changes in the remitting of payments on the Unfunded Accrued Liability (UAL) (EN -$25,678,000 FC GF & LF EX)
Retirement: public school employees; unfunded actuarial accrued liability contribution amount for a university reporting unit; modify. Amends sec. 41 of 1980 PA 300 (MCL 38.1341).
Retirement: public school employees; unfunded actuarial accrued liability contribution amount for a university reporting unit; modify. Amends sec. 41 of 1980 PA 300 (MCL 38.1341).