2002 Regular Session

HOUSE BILL 411

File Code: State Pensions and Retirement
Sponsored By:
Delegate W. Baker
Entitled:
Teachers' Pension System - Purchase of Service Credit

Synopsis:

Allowing members of the Teachers' Pension System to purchase service credit at a reduced cost of one-half of the annuity reserve and one-half of the pension reserve required to fund the additional allowance.

History by Legislative Date

House Action
1/28
First Reading Appropriations
2/13
Hearing 2/26 at 11:00 a.m.
2/28
Withdrawn
Senate Action
No Action
Bill indexed under the following Subjects:
PUBLIC EMPLOYEES -see also- STATE EMPLOYEES
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
TEACHERS
Bill affects the following Statute:
State Personnel and Pensions
( 23-308.2 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered