2006 Regular Session

HOUSE BILL 1441

File Code: State Pensions and Retirement
Sponsored By:
Delegate McMillan
Entitled:
Teachers' and Employees' Retirement and Pension Systems Improvement Act

Synopsis:

Authorizing members of the Employees' and Teachers' Retirement and Pension Systems to make additional member contributions equal to 5% of the member's earnable compensation; requiring that the additional member contributions earn regular interest; requiring that the additional contributions be credited to the members' accounts in the annuity savings funds for the appropriate State system; etc.

History by Legislative Date

House Action
2/10
First Reading Appropriations
2/22
Hearing 3/7 at 1:00 p.m.
4/8
Unfavorable Report by Appropriations
Senate Action
No Action

Bill indexed under the following Subjects:

INTEREST
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
TEACHERS

Bill affects the following Statutes:

State Personnel and Pensions
( 21-311 , 22-214.1 , 22-215 , 23-212.1 , 23-213 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered