SB0256 (CH0269)

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2017 Regular Session



Employees' and Teachers' Pension Systems - Reformed Contributory Pension Benefit - Service Credit Purchase Clarification

Sponsored by:

Senator Guzzone


Approved by the Governor - Chapter 269

Synopsis:Clarifying that a member of the Employees' Pension System or the Teachers' Pension System who is subject to the Reformed Contributory Pension Benefit is eligible to purchase service credit for a specified period of employment under specified circumstances.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Guzzone (Chair, Joint Committee on Pensions)
Additional Facts:Cross-filed with: HB0201
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingAppropriations  View Committee Hearing
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Credit
Retirement Systems -see also- Mandatory Retirement
Salaries and Compensation -see also- Overtime; Reimb. Rates
State Employees
Statutes:Article - State Personnel and Pensions

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Explanation of Floor Motions and Actions

November 28, 2017 1:09 P.M.