Staff Analysis of the Legislation
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04.19.2016 The House Ways and MeansCommittee gave this bill a favorable report as amended by the subcommittee.
04.12.2016 The House Ways and Means General Government, Personnel and Benefits subcommittee gave this bill a favorable report as amended. The amendment deletes the language regarding the 20 year amortization schedule.
Summary of the bill as introduced: Reduces the amortization schedule for retirement system funds from 30 years to 20 years and provides the assumed rate of return expires every four years unless action is taken by the General Assembly. |
