Legislation - HB1033

Title: State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
Sponsored by: Delegate Forbes (Chair, Joint Committee on Pensions)
Status: In the House - Hearing 3/11 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Clarifying that the maximum average final compensation that certain retirees of the State Retirement and Pension System is to be based on the minimum annual salary on the standard State pay scale as of January 1 of the preceding calendar year in order to be exempt from a certain reemployment earnings limitation; and adding an average final compensation reemployment exemption for the temporary suspension of a retirement allowance for disability retirees.

Committees

Original:: Appropriations

Details

Cross-filed with: SB0693

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/03/2025 Legislative Date 2/03/2025 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation Proceedings
Chamber House Calendar Date 2/21/2025 Legislative Date 2/21/2025 Action Hearing 3/11 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/03/2025	2/03/2025	First Reading Appropriations
			Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
House	2/21/2025	2/21/2025	Hearing 3/11 at 1:00 p.m.

File Code

Subjects

Statutes