1997 Regular Session

HOUSE BILL 1034

File Code: State Pensions and Retirement
Sponsored By:
Delegate Proctor
Entitled:
Employees' and Teachers' Pension Systems - Alternate Pension Selection

Synopsis:

Providing for an alternate pension selection for members of the Employees' Pension System and the Teachers' Pension System; making the selection optional for current members and mandatory for new members; providing for the member contribution rate, the benefits, and the cost-of-living adjustment for members subject to the alternate pension selection; requiring that members who elect to be subject to the alternate pension selection have at least 5 years of eligibility service to receive increased benefits; etc.

Legislative History

House Action
2/3
First Reading Appropriations
Hearing 2/12 at 11:00 a.m.
Senate Action
No Action
Bill indexed under the following Subjects:
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
TEACHERS
Bill affects the following Statutes:
State Personnel and Pensions
( 23-212 , 23-217 , 23-218 , 23-401 , 23-402 , 29-108 , 29-110 , 29-404 , 29-425 , 29-426 , 29-427 )

Documents:

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