Section 22 Triennial Pension Funding Schedule

          Subsection (1) of section 22C of chapter 32 of the General Laws, as appearing in the 2024 Official Edition, is hereby amended by striking out the third paragraph and inserting in place thereof the following paragraph:-

          Notwithstanding any general or special law to the contrary, appropriations or transfers made to the Commonwealth's Pension Liability Fund in fiscal years 2027 to 2029, inclusive, shall be made in accordance with the following funding schedule: (i) $5,130,518,640 in fiscal year 2027; (ii) $5,335,739,386 in fiscal year 2028 and (iii) $5,549,168,961 in fiscal year 2029. Notwithstanding any provision of this subdivision to the contrary, any adjustments to these amounts shall be limited to increases in the schedule amounts for each of the specified years.

This section provides for the Commonwealth's payments into the Pension Liability Fund for Fiscal Years 2027, 2028 and 2029.