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