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Senate Bill 2224 |
Senate Author: Huffman |
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Effective: 9-1-19 |
House Sponsor: Murphy |
Senate Bill 2224 amends the Government Code to require the governing body of a public retirement system to adopt a written funding policy that details the governing body's plan for achieving a ratio of the system's actuarial value of assets divided by the system's actuarial accrued liability that is equal to or greater than 100 percent.