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2014 Regular Session



Employees' Pension System - Cash Balance Plan Option

Sponsored by:

Delegate Serafini


In the House - Unfavorable Report by Appropriations

Synopsis:Establishing a cash balance plan under the State Retirement and Pension System; exempting specified individuals who elect to participate in the cash balance plan from the requirement to join the Employees' Pension System as a condition of employment; requiring the Board of Trustees for the State Retirement and Pension System to administer the cash balance plan and adopt specified regulations; providing the vesting requirements for participating employees in the cash balance plan; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Serafini and Krebs
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2014
Contingency - on a contingency described in Sec. 3 of the bill
Appropriations   View Committee Hearing
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Administrative Agencies -see also- Electronic Government
Federal Government
Public Employees -see also- State Employees
Retirement Systems -see also- Mandatory Retirement
Rules and Regulations
State Employees

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October 24, 2017 1:50 P.M.