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2017 Regular Session



Correctional Officers' Retirement System - Deferred Retirement Option Program

Sponsored by:

Senator McFadden


In the Senate - Hearing 2/02 at 9:00 a.m.

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, on or before July 1, 2017, specified documentation from the Internal Revenue Service; and making the Act subject to a specified contingency.
Analysis:Fiscal and Policy Note
All Sponsors:Senator McFadden
Additional Facts:Cross-filed with: HB0225
Introduced in a prior session as: SB1031 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Contingency - on a contingency described in Sec. 4 of the bill
Budget and Taxation  View Committee Hearing
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

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November 28, 2017 1:09 P.M.