Loading chat...
HI SB1361
Bill
AI Summary
-
Extends the deadline for state and county departments to pay employer contributions to the Employees' Retirement System from the first day of the following fiscal year to the first day of the fiscal year that is one year after the end of the fiscal year in which the reporting failure occurred.
-
Changes the reporting requirement so the system must submit annual reports to the department of budget and finance and legislature detailing non-compliant departments or agencies for the previous fiscal year instead of the current fiscal year.
-
Requires the annual report to identify any amounts required to be paid under the contribution payment requirement, including anticipated amounts payable in the upcoming fiscal year, and identify any state budget programs that may be affected.
-
Takes effect upon approval.
Legislative Description
Relating To The Employees' Retirement System's Employer Reporting Review.
Employees' Retirement System
Last Action
Act 055, on 05/15/2025 (Gov. Msg. No. 1155).
5/15/2025