Direct Aid to Public Education (197)
| Request Title | Adjust funding for retirement, retiree health care credit, and group life changes |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | Multiple Regions |
Description
|
Adjusts funding to support employer rate changes for teacher retirement from 14.06 percent to 14.66 percent, retiree health care credit from 1.06 percent to 1.11 percent, and group life from 0.48 percent to 0.47 percent. This update reflects the cost to continue funding retiree health care credit and group life at 90.00 percent of the board certified full employer contribution rate and teacher retirement at 89.84 percent of the full rate. This adjustment also includes a reduction from 9.40 percent to 7.11 percent in the employer rate for retirement contributions paid on behalf of non-professional support positions. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | $15,857,781 | $15,959,609 | |
| 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 2016 | FY 2017 |
| 178 | State Education Assistance Programs | $15,857,781 | $15,959,609 | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | $15,857,781 | $15,959,609 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 22:48:44
