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2014 Regular Session



Optional Retirement Program - Payment of Benefits - Criteria

Sponsored by:

Delegate Rosenberg


In the House - Unfavorable Report by Appropriations

Synopsis:Requiring benefits from the Optional Retirement Program to be payable beginning at the earlier of the date that a participating employee separates from employment or becomes 70 years and 6 months old; and providing that obligations or rights under presently existing annuity contracts may not be impaired by the Act.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Rosenberg, Carter, and Oaks
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2014
Appropriations   View Committee Hearing
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Retirement Systems -see also- Mandatory Retirement
State Employees
Work, Labor and Employment -see also- Col Barg; Holiday; etc

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October 24, 2017 1:48 P.M.