At stake: Senate Bill 111 would establish a revolving fund for the state's pension systems. Legislators eventually could appropriate money into the revolving fund, to be used for a cost-of-living increase for a specific pension system or to reduce some of the pension systems' unfunded liability. Lawmakers passed a law two years ago that requires any cost-of-living increase for a pension retirement system to be funded up front.
What happened: Passed the House 86-7
What's next: Goes back to the Senate
MICHAEL MCNUTT, CAPITOL BUREAU