2011 Regular Session HB 2436

• At the request of: (at the request of House Interim Committee on Rules)
• Bill Title: Relating to contributions made by public employers to Public Employees Retirement System; declaring an emergency.

Catchline/Summary

Provides that Public Employees Retirement Board may not require employer contributions during 2011-2013 biennium, 2013-2015 biennium or 2015-2017 biennium that would cause contribution rate of participating public employer to increase by more than three percent over average contribution rate during immediately preceding biennium.

Provides that public employer that has side account by reason of lump sum payment to Public Employees Retirement Fund may elect to apply amounts in account to offset contributions to system that would otherwise be required during 2011-2013 biennium, 2013-2015 biennium and 2015-2017 biennium that are in excess of amounts determined by Public Employees Retirement Board.

Declares emergency, effective on passage.

• Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
• Revenue Impact: No Revenue Impact
• Current Location: In House Committee
• Current Committee: House Committee On Business and Labor

Subsequent Referral(s)

• Joint Committee On Ways and Means