6168-S.E AMH LEAV PRIN 653

  

ESSB 6168 - H AMD TO H AMD (H-5114.3/20) 1706

By Representative Leavitt

ADOPTED 02/28/2020

On page 401, after line 9, insert the following:

"NEW SECTION. Sec. 716. A new section is added to 2019 c 415 (uncodified) to read as follows: COMPENSATIONPERS AND TRS PLAN 1 RETIREE BENEFIT INCREASES

General FundState Appropriation (FY 2021) $11,713,000

General FundFederal Appropriation$53,000

General FundLocal Appropriation$34,000

Other Appropriated Funds$420,000

TOTAL APPROPRIATION$13,112,000

The appropriations in this section in addition to adjustments to pension contribution rate costs in agency budgets described in section 911 of this act, and are subject to the following conditions and limitations: The appropriations in this section are provided solely for implementation of Engrossed House Bill No. 1390 (plan 1 retiree benefit increases). Of these amounts, $15,039,000 of the general fundstate appropriation is for allocation to school districts. If the bill is not enacted by June 30, 2020, the amounts appropriated in this section shall lapse."

EFFECT:   Increases funding for pension contribution rate increases attributable to enacting Engrossed House Bill No. 1390 (Plan 1 retiree benefit increases).

FISCAL IMPACT:

Increases General Fund-State for fiscal year 2021 by $11,713,000

Increases Other Funds by $1,399,000

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