Central Appropriations (995)
| Request Title | Provide funding for the payback of deferred state employee retirement contributions |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides funding for the second two years of the 10-year payback of deferred state employee retirement contributions from 2011 and 2012. The repayment is amortized over a 10-year closed period at level dollar amounts assuming a seven percent annual interest rate, with 2015 and 2016 representing the third and fourth years of the payback period. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $26,800,957 | $26,800,957 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 757 | Compensation And Benefit Adjustments | $26,800,957 | $26,800,957 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0100 | General Fund | $26,800,957 | $26,800,957 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-05-2025 17:50:51
