Legislation - SB0693

Title: State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
Sponsored by: Senator M. Jackson (Chair, Joint Committee on Pensions)
Status: In the House - First Reading Appropriations
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:: Budget and Taxation Click to view Recorded Media

Opposite:: Appropriations

Committee Testimony

Witness List

Details

Cross-filed with: HB1033

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/30/2025 Legislative Date 1/26/2025 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation Proceedings
Chamber Senate Calendar Date 1/31/2025 Legislative Date 1/27/2025 Action Reassigned to Budget and Taxation Proceedings 16 Click to view Recorded Media
Chamber Senate Calendar Date 2/03/2025 Legislative Date 2/03/2025 Action Hearing 2/13 at 9:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/10/2025 Legislative Date 3/10/2025 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/11/2025 Legislative Date 2/21/2025 Action Favorable Adopted Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/11/2025 Legislative Date 2/21/2025 Action Second Reading Passed Proceedings 41 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation Proceedings
Chamber Senate Calendar Date 3/12/2025 Legislative Date 2/23/2025 Action Third Reading Passed (47-0) Proceedings 43 Click to view Recorded Media
Chamber House Calendar Date 3/13/2025 Legislative Date 3/02/2025 Action Referred Appropriations Proceedings 42 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/30/2025	1/26/2025	First Reading Judicial Proceedings
			Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
Senate	1/31/2025	1/27/2025	Reassigned to Budget and Taxation	16 Click to view Recorded Media
Senate	2/03/2025	2/03/2025	Hearing 2/13 at 9:00 a.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/10/2025	3/10/2025	Favorable Report by Budget and Taxation
Senate	3/11/2025	2/21/2025	Favorable Adopted	41 Click to view Recorded Media
Senate	3/11/2025	2/21/2025	Second Reading Passed	41 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
Senate	3/12/2025	2/23/2025	Third Reading Passed (47-0)	43 Click to view Recorded Media
House	3/13/2025	3/02/2025	Referred Appropriations	42 Click to view Recorded Media

File Code

Subjects

Statutes