2008 Regular Session

SENATE BILL 384

File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 481
Sponsored By:
Senator McFadden (Chair, Joint Committee on Pensions) and Senators Currie, Kasemeyer, Kramer, Munson, and Robey
Entitled:
State Retirement and Pension Systems - Investments

Synopsis:

Removing restrictions placed on the Board of Trustees for the State Retirement and Pension System with regard to investing the assets of the several systems of the State Retirement and Pension System in nondividend paying common stocks; requiring that a majority of the Comptroller, Treasurer, and Secretary of Budget and Management, in their capacity as members of the Board of Trustees, approve the sales and purchases of real estate; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
1/30
First Reading Budget and Taxation
Hearing 2/13 at 1:00 p.m.
2/6
Hearing cancelled
Hearing 2/20 at 1:00 p.m.
2/14
Hearing cancelled
Hearing 2/20 at 3:00 p.m.
3/17
Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (45-1)
3/31
Returned Passed
House Action
3/16
First Reading Appropriations
3/21
Hearing 3/28 at 1:00 p.m.
4/2
Favorable Report by Appropriations
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (141-0)
Action after passage in Senate and House
5/22
Vetoed by the Governor (Duplicative)

Sponsored by:

Senator Nathaniel J. McFadden, District 45
Senator Ulysses Currie, District 25
Senator Edward J. Kasemeyer, District 12
Senator Rona E. Kramer, District 14
Senator Donald F. Munson, District 2
Pensions, Joint Committee on
Senator James N. Robey, District 13

Bill indexed under the following Subjects:

Budget and Management, Department of
Committees and Commissions -see also- Political Committees
Comptroller
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Investments -see also- Securities
Public Works, Board of
Real Estate -see also- Agents and Brokers
Real Property
Reports
Retirement Systems -see also- Mandatory Retirement
Securities
State Employees
Treasurers

Bill affects the following Statutes:

State Personnel and Pensions
( 21-123 , 21-123 , 21-315 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 449339/01     Offered on: March 17, 2008   at: 9:16 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 19, 2008: Third Reading Passed (45-1)
House
March 28, 2008: Third Reading Passed (141-0)