HOUSE BILL 807

Sponsored By:

Delegate Griffith (Chair, Joint Committee on Pensions)

Entitled:

State Retirement and Pension System - Contribution Rates and Reinvestment of Savings - Technical Clarifications

Synopsis:

Clarifying how contribution rates for the employees' and teachers' retirement and pension systems are calculated to reflect legislative changes that result in a change to normal cost or accrued liabilities; repealing a requirement that the Board of Trustees for the State Retirement and Pension System certify a calculation of the difference between specified contributions resulting from specified legislative changes; altering the method for determining an amount to be included in the annual budget bill; etc.

History by Legislative and Calendar Date

House Action

2/9

First Reading Appropriations

2/15

Hearing 2/28 at 1:30 p.m.

3/24

Favorable Report by Appropriations

3/21

Favorable Report Adopted

Second Reading Passed

3/22

Third Reading Passed (137-0)

4/2

Returned Passed

Senate Action

3/22

First Reading Budget and Taxation

3/28

Hearing 3/29 at 9:00 a.m.

4/5

Favorable Report by Budget and Taxation

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (46-0)

Action after passage in House and Senate

5/22

Approved by the Governor

- Chapter 680

Sponsored by:

Delegate Melony G. Griffith, District 25

Pensions, Joint Committee on

Bill indexed under the following Subjects:

Appropriations

Retirement Systems -see also- Mandatory Retirement

State Employees

Teachers

Bill affects the following Statutes:

State Personnel and Pensions

( 21-304 , 21-304 , 21-308 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Appropriations

Senate

Budget and Taxation

Roll Call Votes (Legislative dates are shown):

House

March 22, 2012: Third Reading Passed (137-0)

Senate

March 31, 2012: Third Reading Passed (46-0)