Senate Bill

SBX8 5 (B&FR) – Change in General Fund Payment Dates

Revises the transfer dates of General Fund revenue to the Supplemental Benefit Maintenance Account in the Teachers’ Retirement Fund, and specifies that each payment be 50 percent of the annual appropriation. Also establishes dates for the quarterly payments to the Teachers’ Retirement Fund for the Defined Benefit Program, which is continuously appropriated from the General Fund.

  • Version: Amended 2/22/10
  • Sponsor: Author
  • Location: Assembly
  • Board Position: N/A