State Pension Retiree Health Benefit Fund Solvency

nc-stampHB 651 – State Pension/Ret. Health Benefit Fund Solvency

Primary Sponsors: Rep. Nelson Dollar (R – Wake), Rep. Donny Lambeth (R – Forsyth), Rep. Alexander McNeil (R -Moore), Rep. Stephen Ross (R – Alamance)

Bill Summary

This bill would establish the Unfunded Liability Solvency Reserve. This bill would require a transfer to the Unfunded Liability Solvency Reserve of up to 15 percent of the succeeding fiscal year’s estimated growth in state tax revenues if the Savings Reserve is at or above the recommended Savings Reserve balance.

Bill Movement

This bill was filed in the House on May 6, 201. This Committee Substitute was referred to the Committee on Pensions and Retirement on June 28, 2017.

This Committee Substitute passed second and third reading on June 29, 2017.

This bill was sent to the Senate and was referred to the Senate Rules Committee on June 29, 2017.

This bill is scheduled to be heard in the Senate Pensions and Retirement Committee on June 13, 2018.



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