HB0496 (CH0476)

2013 Regular Session

 

Entitled:

State Retirement and Pension System - Funding Method and Amortization of Unfunded Liabilities or Surpluses

Sponsored by:

Delegate Griffith

Status:

Approved by the Governor - Chapter 476


Synopsis:Altering the amortization periods to be used for unfunded liabilities or surpluses of the State Retirement and Pension System; clarifying the application of a specified amortization period to specified changes; and phasing out a specified method for determining employer contribution rates for the employees' and teachers' retirement and pension systems.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Griffith (Chair, Joint Committee on Pensions)
Additional Facts:Cross-filed with: SB0474
Bill File Type: Regular
Effective Date(s): July 1, 2013
Committee(s):
Appropriations  View Committee HearingBudget and Taxation
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Correctional Officers
General Assembly -see also- AELR Cmte; Leg Policy Committee
Public Employees -see also- State Employees
Retirement Systems -see also- Mandatory Retirement
State Employees
Statutes:Article - State Personnel and Pensions
(21-304)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 2, 2015 9:09 A.M.