5167-S.E AMH COUT PRIN 743
ESSB 5167 - H AMD TO H AMD (H-2095.1/25) 930
By Representative Couture
NOT ADOPTED 03/31/2025
On page 389, line 5, decrease the general fund-state appropriation for fiscal year 2027 by $90,000,000
On page 389, line 12, correct the total.
On page 429, after line 27, insert the following:
"NEW SECTION. Sec. 7104. PENSION CONTRIBUTIONS - PLAN 1 RETIREE COLAS
General Fund—State Appropriation (FY 2026)$33,200,000
General Fund—State Appropriation (FY 2027)$41,300,000
Special Account Retirement Contribution Increase Revolving Account$18,000,000
TOTAL APPROPRIATION$92,500,000
The appropriations in this section are subject to the following conditions and limitations: Appropriations to state agencies and for allocations to school districts are provided solely for adjustments related to the increased pension contribution rates related to House Bill No. 1292(Plan 1 retiree COLAs), which provides an ongoing annual cost-of-living adjustment for members of the public employees' retirement system and the teachers' retirement system plan 1. If the bill is not enacted by June 30, 2025, the amounts provided in this section shall lapse."
| EFFECT: Provides funding for the contribution rate increases associated with enactment of House Bill 1292(Plan 1 retiree COLAs), which implements and annual cost-of-living adjustment for certain retirees in the Public Employees' and Teachers' Retirement System Plans 1.
Removes ongoing funding provided for accelerated debt payments on callable bonds beginning in FY 2027 and into the 2027-29 biennium.
FISCAL IMPACT (SUPPLEMENTAL): None.
FISCAL IMPACT (2025-27 BIENNIUM): Reduces General Fund - State by $15,600,000. Increases Other Funds by $18,000,000.
FOUR-YEAR OUTLOOK EXPENDITURE EFFECT: Reduces Near General Fund-State by $2,063,800,000.
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