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HB24-1043

State Contribution to Fire & Police Pension Association Death & Disability Fund

Concerning payments to the statewide death and disability trust fund to pay benefits for fire and police pension association members hired before January 1, 1997.
Session:
2024 Regular Session
Subject:
State Government
Bill Summary

Beginning on July 1, 2025, and every July 1 thereafter through July 1, 2059, the act requires the state treasurer to issue warrants in the amount of $2,250,000 to the fire and police pension association. The association is required to deposit the warrants into the statewide death and disability trust fund so that there will be sufficient money to pay future death and disability benefits to members of the association.

APPROVED by Governor May 28, 2024

EFFECTIVE May 28, 2024
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. E. Hamrick, Rep. R. Taggart
Sen. C. Hansen, Sen. K. Van Winkle

Sponsor

Rep. C. Kipp, Rep. M. Snyder
Sen. C. Kolker, Sen. T. Sullivan

Co-sponsor

Rep. S. Bird, Rep. A. Boesenecker, Rep. B. Bradley, Rep. C. Clifford, Rep. M. Duran, Rep. L. Frizell, Rep. M. Froelich, Rep. A. Hartsook, Rep. I. Jodeh, Rep. S. Lieder, Rep. W. Lindstedt, Rep. M. Lukens, Rep. B. Marshall, Rep. J. McCluskie, Rep. B. McLachlan, Rep. D. Ortiz, Rep. R. Pugliese, Rep. E. Sirota, Rep. T. Story, Rep. B. Titone, Rep. A. Valdez, Rep. E. Velasco, Rep. J. Willford, Rep. M. Young, Rep. C. deGruy Kennedy
Sen. J. Bridges, Sen. T. Exum, Sen. S. Fenberg, Sen. S. Jaquez Lewis, Sen. J. Marchman, Sen. D. Michaelson Jenet, Sen. K. Mullica, Sen. B. Pelton, Sen. K. Priola, Sen. D. Roberts, Sen. J. Smallwood, Sen. P. Will, Sen. R. Zenzinger

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details