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2018 Regular Session



Alternate Contributory Pension Selection - Former Members - Member Contributions

Sponsored by:

Delegate Barnes, B.


Vetoed by the Governor (Duplicative)

Synopsis:Requiring that certain active members of the Employees' Pension System or the Teachers' Pension System who are subject to the Reformed Contributory Pension Benefit earn a certain rate of interest on certain former member contributions in the Alternate Contributory Pension Selection under certain circumstances; applying the Act retroactively; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegate B. Barnes (Chair, Joint Committee on Pensions)
Additional Facts:Cross-filed with: SB0699
Bill File Type: Regular
Effective Date(s): July 1, 2018
Appropriations  View Committee HearingBudget and Taxation
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Interest
Retirement Systems -see also- Mandatory Retirement
State Employees
Statutes:Article - State Personnel and Pensions

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May 8, 2018 11:17 A.M.