2002 Regular Session

HOUSE BILL 1255

CHAPTER NUMBER: 565 File Code: State Pensions and Retirement Prior Year Introduction As: HB 805/01 - APP
Sponsored By:
Delegates Getty and Elliott
Entitled:
Teachers' Retirement System - Purchase of Service Credit - Refund

Synopsis:

Providing specified retirees with a refund of specified assets used to purchase specified service credit plus interest at a rate of 4% per year compounded annually to the date of refund; requiring the Board of Trustees for the State Retirement and Pension System to make specified adjustments to the retirement allowance of specified retirees; requiring the Board to make specified adjustments to specified refunds; and providing for the termination of the Act.

History by Legislative Date

House Action
2/13
First Reading House Rules and Executive Nominations
2/18
Re-referred Appropriations
2/20
Hearing 3/5 at 11:00 a.m.
3/22
Favorable Report by Appropriations
Favorable Report Adopted
Second Reading Passed
3/23
Third Reading Passed (140-0)
4/6
House Concur - Senate Amendments
Third Reading Passed (132-1)
Passed Enrolled
5/16
Signed by the Governor Chapter 565
Senate Action
3/25
First Reading Budget and Taxation
3/26
Hearing 4/4 at 8:00 a.m.
4/5
Favorable with Amendments Report by Budget and Taxation
4/3
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
Motion two readings same day Const/Rule 24 (Senator Kasemeyer) Adopted
Third Reading Passed with Amendments (42-0)
Sponsored by:
Delegate Joseph M. Getty, District 5
Delegate Donald B. Elliott, District 4B
Bill indexed under the following Subjects:
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
INTEREST
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
SUNSET
TEACHERS

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 529134/1 (PDF)     Offered on: April 5, 2002   at: 2:20 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 23, 2002: Third Reading Passed (140-0)
April 6, 2002: Third Reading Passed (132-1)
Senate
April 3, 2002: Third Reading Passed (42-0)