HOUSE BILL 808

Sponsored By:

Delegate Griffith (Chair, Joint Committee on Pensions)

Entitled:

State Retirement and Pension Systems - Cost-of-Living Adjustments - Clarification

Synopsis:

Clarifying that each type of cost-of-living adjustment for the State Retirement and Pension System does not apply to benefits paid in a single payment, the return of accumulated contributions, or benefits attributable to additional contributions; clarifying that the cost-of- living adjustment is applied as a rate and not a fraction; clarifying that a zero-adjustment fiscal year cost-of-living adjustment does not apply to a retiree's first cost-of-living adjustment; etc.

History by Legislative and Calendar Date

House Action

2/9

First Reading Appropriations

2/15

Hearing 2/28 at 1:30 p.m.

3/5

Favorable Report by Appropriations

3/6

Favorable Report Adopted

Second Reading Passed

3/8

Third Reading Passed (138-0)

Senate Action

3/9

First Reading Budget and Taxation

Sponsored by:

Delegate Melony G. Griffith, District 25

Pensions, Joint Committee on

Bill indexed under the following Subjects:

Consumer Price Index

Retirement Systems -see also- Mandatory Retirement

State Employees

Bill affects the following Statutes:

State Personnel and Pensions

( 29-401 , 29-402 , 29-404 , 29-405 , 29-406 , 29-407 , 29-410 , 29-411 , 29-412 , 29-413 , 29-416 , 29-417 , 29-418 , 29-421 , 29-422 , 29-425 , 29-426 , 29-427 , 29-430 , 29-431 , 29-432 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Appropriations

Roll Call Vote (Legislative date is shown):

House

March 8, 2012: Third Reading Passed (138-0)