SENATE BILL 466

File Code: State Pensions and Retirement

Sponsored By:

Senator Kasemeyer

Entitled:

Employees' and Teachers' Pension Benefit Enhancement Act of 2005

Synopsis:

Increasing the member contribution rate to 5% for members of the Employees' Pension System and Teachers' Pension System; and altering the formula used to calculate the normal service retirement allowances of retirees of the Employees' Pension System and Teachers' Pension System as of July 1, 2005.

History by Legislative Date

Senate Action

2/4

First Reading Budget and Taxation

2/23

Hearing 3/10 at 8:00 a.m.

House 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 , 23-401 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered