HOUSE BILL 129

File Code: Public Sector Pensions and Retirement Systems

Sponsored By:

Delegate Owings

Entitled:

State Police Retirement System - Benefits

Synopsis:

Altering the formula for computing the retirement allowance of retirees of the State Police Retirement System to one thirty-eighth of average final compensation for the first 25 years of creditable service and one-ninetieth of creditable service for creditable service between 25 and 30 years; excluding the use of unused sick leave in the computation of creditable service for those members who have more than 30 years of creditable service; altering the rate of contribution for members of the system; etc.

Legislative History

House Action

1/10

First Reading Appropriations

1/24

Hearing 2/1 at 11:00 a.m.

4/8

Unfavorable Report by Appropriations

Senate Action

No Action

Bill indexed under the following Subjects:

LAW ENFORCEMENT -see also- STATE POLICE, DEPT. OF

LEAVE

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

Bill affects the following Statutes:

State Personnel and Pensions

( 20-206 , 24-205 , 24-401 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available