Suspend Direct Distribution To PERA Public Employees Retirement Association For 2020-21 Fiscal Year
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning suspending the direct distribution to the public employees' retirement association for the 2020-21 state fiscal year, and, in connection therewith, reducing an appropriation.
Bill Summary:
Current law specifies that on July 1, 2018, and on July 1 each year thereafter until there are no unfunded actuarial accrued liabilities of any division of the public employees' retirement association (PERA) that receives the direct distribution, the state treasurer is required to issue a warrant to PERA in an amount equal to $225 million from the general fund or any other fund. The act specifies that the state treasurer shall not issue the warrant to PERA for the 2020-21 state fiscal year.
The act reduces the figures included in the annual general appropriation act for the 2020-21 state fiscal year for informational purposes to the department of the treasury for the direct distribution. The act also reduces appropriations made to various state agencies in the annual general appropriation act for the 2020-21 state fiscal year for the direct distribution.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1379 to the Committee of the Whole. | The motion passed on a vote of 7-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1379 to the Committee of the Whole. | The motion passed on a vote of 9-2. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/06/2020 | Third Reading | BILL |
28
AYE
5
NO
2
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/03/2020 | Third Reading | BILL |
48
AYE
14
NO
3
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/29/2020 | Governor | Governor Signed |
| 06/22/2020 | Governor | Sent to the Governor |
| 06/19/2020 | House | Signed by the Speaker of the House |
| 06/19/2020 | Senate | Signed by the President of the Senate |
| 06/06/2020 | Senate | Senate Third Reading Passed - No Amendments |
| 06/05/2020 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 06/04/2020 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 06/03/2020 | Senate | Introduced In Senate - Assigned to Appropriations |
| 06/03/2020 | House | House Third Reading Passed - No Amendments |
| 06/02/2020 | House | House Third Reading Laid Over Daily - No Amendments |
| 06/01/2020 | House | House Second Reading Passed - No Amendments |
| 05/27/2020 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 05/26/2020 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/29/2020 | 169 | Suspend Direct Distribution To PERA For 2020-21 FY |