HB1397

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Participating Governmental Units - Amortization Schedule

Sponsored by:

Delegate Barnes, B.

Status:

Veto sustained (0-135)


Synopsis:Altering the calculation of the accrued liability contributions required to be paid by a participating governmental unit on account of members of the Employees' Retirement System and Employees' Pension System who are employees of a participating governmental unit; and clarifying the application of a specified amortization period to specified legislative changes.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate B. Barnes (Chair, Joint Committee on Pensions)
Additional Facts:Cross-filed with: SB0821
Bill File Type: Regular
Effective Date(s): July 1, 2016
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
Committee(s):
Appropriations  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Administrative Agencies -see also- Electronic Government
Liability -see also- Good Samaritan
Loans -see also- Mortgages
Local Government Mandates
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - State Personnel and Pensions
(21-305.2)

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October 24, 2017 5:06 P.M.