Committee advances bill defining unfunded liability for termination‑incentive calculations
House Bill 20 35, a technical measure to define ‘unfunded liability’ for termination incentive programs, was returned with a due‑pass recommendation after staff and ASRS testimony clarified the actuarial comparison used to calculate the liability.
The full story
The House Ways and Means Committee returned House Bill 20 35 with a due‑pass recommendation after staff described the measure as a statutory definition needed for calculating unfunded liabilities tied to termination incentive programs.
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