2002 Regular Session

HOUSE BILL 534

CHAPTER NUMBER: 375
EMERGENCY BILL
File Code: State Pensions and Retirement
Sponsored By:
Delegate Proctor (Chairman, Joint Committee on Pensions)
Entitled:
Retirement and Pensions - Limitations on Benefits and Contributions

Synopsis:

Amending the compensation limits that are used to determine the retirement allowances of members of the State Retirement and Pension System to reflect provisions of the Internal Revenue Code; allowing members of the State retirement and pension systems to fund purchases of prior service credit from specified funding sources; altering the method of payment members of the State Retirement and Pension System may use to pay for creditable service; making the Act an emergency measure; etc.

History by Legislative Date

House Action
1/31
First Reading Appropriations
2/13
Hearing 2/26 at 11:00 a.m.
3/22
Favorable with Amendments Report by Appropriations
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/23
Third Reading Passed (140-0)
4/4
Returned Passed
5/6
Signed by the Governor Chapter 375
Senate Action
3/25
First Reading Budget and Taxation
3/26
Hearing 4/4 at 8:00 a.m.
4/5
Favorable Report by Budget and Taxation
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (47-0)
Sponsored by:
Delegate James E. Proctor, Jr., District 27A
Pensions, Joint Comm. on
Bill indexed under the following Subjects:
FEDERAL GOVERNMENT
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
Bill affects the following Statutes:
State Personnel and Pensions
( 20-207 , 20-208 , 21-601 , 23-308 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 614968/1 (PDF)     Offered on: March 22, 2002   at: 12:26 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 23, 2002: Third Reading Passed (140-0)
Senate
April 4, 2002: Third Reading Passed (47-0)