HB1545

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Correctional Officers' Retirement System - DROP

Sponsored by:

Delegate Chang

Status:

In the House - First Reading House Rules and Executive Nominations


Synopsis:Establishing a Deferred Retirement Option Program for members in the Correctional Officers' Retirement System who have at least 20 years and less than 25 years of eligibility service; requiring the State Retirement Agency to request specified documentation from the Internal Revenue Service; and making the Act subject to a specified contingency.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Chang
Additional Facts:Cross-filed with: SB1031
Bill File Type: Regular
Effective Date(s): July 1, 2016
Contingency - on a contingency described in Sec. 4 of the bill
Committee(s):
Rules and Executive Nominations
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Correctional Officers
Federal Government
Retirement Systems -see also- Mandatory Retirement
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - State Personnel and Pensions
(25-401.1)

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October 24, 2017 5:06 P.M.