File Code: State Pensions and Retirement
Prior Year Introduction As: HB 1447/02 - APP
- Sponsored By:
-
Senator Munson
- Entitled:
-
Employees' Retirement System and Employees' Pension System -
Deferred Retirement Option Program
Creating a Deferred Retirement Option Program (DROP) for specified
members of specified State systems; establishing eligibility
requirements; providing for an application procedure; specifying how
participation affects a participant's compensation and benefits;
requiring the State Retirement Agency to request a private letter
ruling from the Internal Revenue Service that makes specified
confirmations; making the Act contingent on receipt of an Internal
Revenue Service ruling; etc.
Senate Action
- 1/28
- First Reading Budget and Taxation
- 1/30
- Hearing 2/12 at 8:00 a.m.
- 2/9
- Hearing cancelled
- 2/11
- Hearing 2/26 at 8:00 a.m.
- 2/17
- Hearing cancelled
- 2/20
- Withdrawn
House Action
- No Action
- 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
- (
22-217 ,
22-401.1 ,
23-215 ,
23-401.1
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Not available at this time
- Amendments:
None offered