This amendment includes fiscal year 2032-33 in the period of time for General Fund revenue to be transferred annually to a nonlapsing fund created in the bill to be used to pay COMMITTEE AMENDMENT COMMITTEE AMENDMENT “ ” to H.P. 1243, L.D.
35 for retirement benefit improvements for retired state employees and teachers and their
36 beneficiaries. It also provides that the amount transferred is equal to the difference between
37 the amount of the payments made toward the unfunded actuarial liability from the General
38 Fund in the year in which the amount is transferred and the amount of those payments for
39 fiscal year 2027-28 or $185,000,000, whichever is lower.
6 FISCAL NOTE REQUIRED
7 (See attached) COMMITTEE AMENDMENT