SB 1457 (Simitian) – Retiree Health and Welfare Benefits
Would have required the Department of Education to develop actuarial standards for school districts that provide their retired employees health and welfare benefits, and report to the Legislature and Department of Finance on the districts’ progress annually. Also would have required districts to perform an actuarial study of their retiree health and welfare benefit liabilities, identify a funding source and provide funding in their budgets, and report the results to their county office of education.
- Version: Introduced 2/23/2006
- Sponsor: Author
- Location: Senate
- Board Position: N/A
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