SENATE BILL 345

File Code: State Pensions and Retirement Prior Year Introduction As: SB 396/06

Sponsored By:

Senator McFadden

Entitled:

Correctional Officers' Retirement System - DROP

Synopsis:

Establishing a Deferred Retirement Option Program (DROP) for specified members in the Correctional Officers' Retirement System; requiring the State Retirement Agency to request specified documentation from the Internal Revenue Service; etc.

History by Legislative and Calendar Date

Senate Action

2/1

First Reading Budget and Taxation

2/7

Hearing 2/22 at 8:00 a.m.

3/26

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government

Correctional Officers

Interest

Retirement Systems -see also- Mandatory Retirement

State Employees

Work, Labor and Employment -see also- Col Barg; Holiday; etc

Bill affects the following Statutes:

State Personnel and Pensions

( 25-401.1 , 25-401.1 )

Documents:

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

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered