1996 Regular Session

HOUSE BILL 455

File Code: Public Sector Pensions and Retirement Systems Prior Year Introduction As: HB 1609/94 - APP
Sponsored By:
Delegates Cadden and Klima
Entitled:
Retirement and Pension Systems - Transfers Between Public Systems - Present Value of Accrued Benefits

Synopsis:

Requiring the transfer of the present value of certain accrued benefits to certain State and local retirement or pension systems to which a member of another state and local retirement or pension system transfers; providing for the computation of the present value; requiring that a certain portion of the amount transferred be deposited in a certain fund and credited in a certain manner; etc.

Legislative History

House Action
1/29
First Reading Appropriations
1/31
Hearing 2/13 at 11:00 a.m.
Senate Action
No Action
Sponsored by:
Delegate Joan Cadden, District 31
Delegate Martha S. Klima, District 9A
Bill indexed under the following Subjects:
COUNTIES
MUNICIPAL CORPORATIONS
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
TEACHERS
Bill affects the following Statute:
State Personnel and Pensions
( 37-203 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments:
House
Number: 373052/1 (PDF) Offered on: MARCH 27, 1996 at: 13:01 Status: Special Ordered