Central Appropriations (995)
| Request Title | Reduce Amortization Period for Retiree Health Credit |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Half Sheet Number | 477 #3c |
Description
|
This amendment provides $3.9 million the first year from the general fund and $4.0 million the second year from the general fund to decrease the amortization period for the legacy unfunded liability for state employee retiree health credit by five years. While the amortization change will increase cost in the upcoming fiscal years, it will save approximately $289 million over the life of the amortization period for the plan. |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 757 | Compensation And Benefit Adjustments | $3,881,799 | $4,050,565 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $3,881,799 | $4,050,565 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 23:12:38
