Amends the definition of "adequate reserve fund" by increasing the multiplier used to calculate its amount from the existing factor of 1, to unspecified amounts for calendar year 2026 and for calendar year 2027 and thereafter. Requires the Department of Labor and Industrial Relations to conduct an actuarial study and report to the Legislature. Effective 7/1/2050. (SD2)

Statutes affected:
HB202: 383-63
HB202 HD1: 383-63
HB202 SD1: 383-63
HB202 SD2: 383-63
Latest: 383-63