Repealing a requirement that annuity contracts purchased under the optional retirement program shall be issued to and become the property of participating employees of the program; clarifying that the rights of participating employees who purchase annuity contracts under the program are fully vested and not subject to forfeit; authorizing a participating employee in the optional retirement program to select specified annuity contracts for the transfer of existing balances; applying the Act prospectively; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2017
( 30-101, 30-206, 30-208 )
Last Updated: 2/3/2020 2:29 PM