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Committee adds We Lead CS to TRS employers list, directs annual employer liability breakdown
Summary
The House State Government Committee amended and passed House Bill 73 to add We Lead CS to the list of employers eligible to participate in the Teachers’ Retirement System and to require annual reporting of each employer’s share of unfunded actuarial liability.
The House State Government Committee on Wednesday approved House Bill 73 as amended to add We Lead CS to the list of agencies eligible to participate directly in the Teachers’ Retirement System (TRS) and to instruct TRS to provide an annual breakdown of each employer’s share of unfunded actuarial liability.
Representative D.J. Johnson, who sponsored the bill, told the committee that the original language simply added We…
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