House Bill 375 Sponsor Statement: Retirement Benefit Liability Acct/PF

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Released:	January 19, 2006
Updated:	February 7, 2006
Ginny Austerman	465-6863
"An Act establishing the teachers' retirement system past service cost liability account in the Department of Revenue; establishing the public employees' retirement system past service cost liability account in the Department of Revenue; and providing for an effective date. "

HB 375 establishes the Retirement Benefit Liability Account in the Department of Revenue.

Money in the Retirement Benefit Liability Account established by this bill would be used for payment of the employer contributions to past service liabilities of the public employees' retirement system and teachers' retirement system for state and political subdivisions of the state, including regional education attendance areas. Any income that is earned on the money in the account would be appropriated back into the account.

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·	Complete Bill Text for HB 375

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·	Rep. Bruce Weyhrauch Chair
·	Rep. Ralph Samuels
·	Rep. Norman Rokeberg
·	Rep. Peggy Wilson
·	Rep. Paul Seaton
·	Rep. Max Gruenberg
·	Rep. Carl Moses

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