HB 109 appropriates $1,585,109,800 for the annual required state contribution to SURS for fiscal year 2019. Of this amount, $1,370,109,800 is appropriated from the General Revenue Fund, and $215,000,000 is appropriated from the State Pensions Fund. The certified Fiscal Year 2019 state contribution to SURS is $1,655,154,000.
HB 109 also appropriates $4,390,811 from the Education Assistance Fund for the state contribution to the College Insurance Program (CIP) for fiscal year 2019. The certified fiscal year 2019 state contribution to CIP is $4,390,811.
As it relates to SURS, HB 109 is identical to HA #1 to HB 860 of the 100th General Assembly.
HB 109 takes effect on July 1, 2018.
Became Public Act 100-0586 effective June 4, 2018