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Legislative Year: 2022 Change
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Bill Detail: SB22-036

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Title State Payment Old Hire Death And Disability Benefits
Status Signed by the Speaker of the House (05/18/2022)
Bill Subjects
  • Local Government
House Sponsors K. Van Winkle (R)
S. Bird (D)
Senate Sponsors C. Hansen (D)
D. Hisey (R)
House Committee Finance
Senate Committee Business, Labor and Technology
Date Introduced 01/12/2022
Summary

Pension Review Commission. For members of the fire and police
pension association hired before January 1, 1997, death and disability
benefits are paid from state money in the statewide death and disability
trust fund. State funding for this benefit discontinued in 1997 based on an
assumption that the last payment had fully funded all of the benefits to be

paid. Based on a current actuarial analysis, however, there is a shortfall
in the trust fund. The bill requires the state treasurer to pay $33.191
million from the general fund to the fire and police pension association
for it to deposit into the trust fund so that there will be sufficient money
to pay future death and disability benefits to these members.

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Fiscal Notes Fiscal Notes (05/09/2022) (most recent)  
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