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House Moves Pension System Off-Budget |
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JULY 2003
- Senate Looks To Alternative Funding Sources - In the most dramatic change in the way the state funds its annual
pension appropriation since the modern fund was created in the early
1980s, the House of Representatives has moved the funding for the
State/Teachers pension system off-budget.This
move, if accepted by the Senate in Conference Committee and passed into
law, will ensure that the Commonwealth meets it annual pension funding
obligations without the funding becoming the focus of political
gamesmanship. Over the past several years, the budget line-item for the
state's pension obligation has been targeted repeatedly as a source of
funding for other non-retirement programs.
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Legislation 
