HB6031 Summary

• Appropriates $1,143,848,100 in General Funds for ordinary and contingent expenses of three retirement systems for fiscal year beginning July 1, 2012

• Allocates $1,041,371,800 from General Revenue Fund to State Employees' Retirement System Board of Trustees for the State's contribution

• Allocates $88,210,000 from General Revenue Fund to Judges' Retirement System Board of Trustees for the State's contribution

• Allocates $14,150,000 from General Revenue Fund to General Assembly Retirement System Board of Trustees for the State's contribution

• Appropriates additional funds to State Employees' Retirement System Social Security Division ($76,300) and Central Office ($40,000) for personnel, contributions, services, and other operational expenses

• Takes effect July 1, 2012