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SB 0176 - Retirement; any increase in the actuarial accrued unfunded liability; enactment; fully funded in the year legislation becomes effective

Tracking Level: New Bill
Sponsor: Heath,Bill 31st
Last Action: 3/12/2009 - House Second Readers
Senate Committee: RET
House Committee: Ret
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation

SUMMARY:

            This bill would amend Chapter 20 of Title 47 of the O.C.G.A. to ensure that the actuarial study of any retirement legislation proposed  includes the full amount of an appropriation necessary so no unintentional unfunded liability would be assumed by the state.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text