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Appropriations committee gives due pass to bill to add funds to public employees retirement system
Summary
The House Appropriations Committee voted to advance House Bill 12‑34, which would direct a one‑time infusion into the state's public employees retirement fund using Strategic Investment Fund dollars.
The House Appropriations Committee voted to give a due pass to House Bill 12‑34, a bill that would provide a one‑time infusion of state funds to reduce the unfunded liability of the public employees retirement system (PERS).
Representative Craig Hedlund (District 29) told the committee the bill would “put an infusion of dollars into the public employees retirement fund” and that the Finance and Tax Committee previously moved the measure using Strategic Investment Fund (SIF) dollars rather than general fund or gaming proceeds.
Why it matters: Committee members said addressing PERS’ unfunded liability affects long‑term state and local…
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