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Passage of this bill will increase the deferred compensation benefits for employees of educational institutions who are on the Public Employees Noncontributory System. It is estimated that a 4.9 percent rate increase would be required in the Public Employees Noncontributory System, based on the assumption

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
General Fund $4,829,300 $4,829,300 $0 $0
Uniform School Fund $45,708,100 $45,708,100 $0 $0
Federal Funds $219,600 $219,600 $0 $0
Dedicated Credits Revenue $1,369,600 $1,369,600 $0 $0
Other $77,900 $77,900 $0 $0
GF Restricted $119,500 $119,500 $0 $0
TOTAL $52,324,000 $52,324,000 $0 $0

 

Office of the Legislative Fiscal Analyst

2/11/1998 4:03:11 PM

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