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Committee supports $135 million strategic‑fund transfer to reduce PERS main‑plan liability
Summary
House Bill 12‑34 would transfer up to $135 million from the Strategic Investment and Improvements Fund (SIF) to PERS' main defined‑benefit plan to reduce unfunded liability; the committee recommended due pass with referral to appropriations after agency testimony on funding mechanics and timing.
Representative Jason Doctor introduced House Bill 12‑34, a one‑time proposal to transfer $135 million from the Strategic Investment and Improvements Fund (SIF) to the PERS main defined‑benefit plan to reduce the system's unfunded liability. Doctor said the goal is to reduce interest costs and the long‑term burden on taxpayers by paying down plan liabilities sooner.
Doctor described two earlier options he considered (designating internet sales tax revenue or excess gaming tax receipts) but said the House elected to use SIF for the lump‑sum transfer. He said actuarial…
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