HOUSE BILL 411

File Code: State Pensions and Retirement

Sponsored By:

Delegate W. Baker

Entitled:

Teachers' Pension System - Purchase of Service Credit

Synopsis:

Allowing members of the Teachers' Pension System to purchase service credit at a reduced cost of one-half of the annuity reserve and one-half of the pension reserve required to fund the additional allowance.

History by Legislative Date

House Action

1/28

First Reading Appropriations

2/13

Hearing 2/26 at 11:00 a.m.

2/28

Withdrawn

Senate Action

No Action

Bill indexed under the following Subjects:

PUBLIC EMPLOYEES -see also- STATE EMPLOYEES

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

TEACHERS

Bill affects the following Statute:

State Personnel and Pensions

( 23-308.2 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered