SB1031

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Correctional Officers' Retirement System - DROP

Sponsored by:

Senator McFadden

Status:

In the Senate - Hearing 3/10 at 8:30 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 specified documentation from the Internal Revenue Service; and making the Act subject to a specified contingency.
Analysis:Fiscal and Policy Note
All Sponsors:Senators McFadden and Peters
Additional Facts:Cross-filed with: HB1545
Bill File Type: Regular
Effective Date(s): July 1, 2016
Contingency - on a contingency described in Sec. 4 of the bill
Committee(s):
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
(25-401.1)

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October 24, 2017 5:11 P.M.