Compensatory Direct Distribution To PERA
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning a requirement that the state make a direct distribution to the public employees' retirement association in addition to a previous additional direct distribution to recompense the association for the cancellation of the July 1, 2020, direct distribution.
Bill Summary:
To recompense the public employees' retirement association (PERA) for the cancellation of a previously scheduled July 1, 2020, direct distribution of $225 million, House Bill 22-1029, concerning a requirement that the state make an additional direct distribution to the public employees' retirement association to fully recompense the association for the cancellation of a previously scheduled July 1, 2020, direct distribution, required an additional direct distribution to PERA. However, the additional direct distribution did not fully recompense PERA for the cancellation of the previously scheduled direct distribution. To fully recompense PERA, the act requires the state treasurer to issue a warrant to PERA that consists of the balance of the PERA payment cash fund plus $10 million paid from the general fund. The PERA payment cash fund is repealed, effective July 1, 2023.
APPROVED by Governor June 2, 2023
EFFECTIVE June 2, 2023
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/18/2023 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-056 to the Committee of the Whole. | The motion passed on a vote of 10-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-056 to the Committee on Appropriations. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.002 | The motion passed without objection. | Vote summary |
| Refer Senate Bill 23-056, as amended, to the Committee of the Whole. | The motion passed on a vote of 6-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-056 to the Committee on Appropriations. | The motion passed on a vote of 7-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/29/2023 | Third Reading | BILL |
60
AYE
5
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/19/2023 | Third Reading | BILL |
25
AYE
6
NO
4
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 04/18/2023 | L.002 | SEN Appropriations | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 06/02/2023 | Governor | Governor Signed |
| 05/04/2023 | Governor | Sent to the Governor |
| 05/04/2023 | House | Signed by the Speaker of the House |
| 05/03/2023 | Senate | Signed by the President of the Senate |
| 04/29/2023 | House | House Third Reading Passed - No Amendments |
| 04/27/2023 | House | House Third Reading Laid Over Daily - No Amendments |
| 04/26/2023 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/26/2023 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/24/2023 | House | House Committee on Finance Refer Unamended to Appropriations |
| 04/19/2023 | House | Introduced In House - Assigned to Finance |
| 04/19/2023 | Senate | Senate Third Reading Passed - No Amendments |
| 04/18/2023 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 04/18/2023 | Senate | Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole |
| 02/07/2023 | Senate | Senate Committee on Finance Refer Unamended to Appropriations |
| 01/17/2023 | Senate | Introduced In Senate - Assigned to Finance |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/02/2023 | 322 | Compensatory Direct Distribution To PERA |