The Secretary of the Office of Policy and Management shall develop and annually report to the joint standing committee of the General Assembly having cognizance of matters relating to appropriations sensitivity and stress test analyses for the teachers' retirement system and the state employees retirement system. Such reporting shall include projections of benefit levels, pension costs, liabilities, and debt reduction under various economic and investment scenarios. The secretary shall submit the report in accordance with section 11-4a and shall post and update the report on the Office of Policy and Management Internet web site at least annually.
(June Sp. Sess. P.A. 17-2, S. 109.)
History: June Sp. Sess. P.A. 17-2 effective October 31, 2017.