2009 Regular Session

SENATE BILL 592

CHAPTER NUMBER: 561
File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 977
Sponsored By:
Senator McFadden (Chair, Joint Committee on Pensions)
Entitled:
State Retirement and Pension System - Compliance with Federal Tax Provisions

Synopsis:

Prohibiting the Board of Trustees for the State Retirement and Pension System from using forfeitures of benefits by a member or former member of the several systems to pay benefit increases, but requiring use of the forfeitures to reduce employer contributions; providing that the State Retirement Agency may make direct rollover payments to eligible retirement plans specified by the designated beneficiaries of a member of the State Retirement and Pension System; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/6
First Reading Budget and Taxation
2/11
Hearing 2/18 at 1:00 p.m.
3/2
Favorable with Amendments Report by Budget and Taxation
3/3
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/5
Third Reading Passed (47-0)
4/3
Returned Passed
House Action
3/6
First Reading Appropriations
3/18
Hearing 3/31 at 1:00 p.m.
3/24
Hearing cancelled
Hearing 3/31 at 2:00 p.m.
4/6
Favorable Report by Appropriations
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (133-0)
Action after passage in Senate and House
5/19
Approved by the Governor
- Chapter 561

Sponsored by:

Senator Nathaniel J. McFadden, District 45
Pensions, Joint Committee on

Bill indexed under the following Subjects:

Committees and Commissions -see also- Political Committees
Forfeiture
Investments -see also- Securities
Retirement Systems -see also- Mandatory Retirement
State Employees

Bill affects the following Statutes:

State Personnel and Pensions
( 20-209 , 21-601 , 21-602 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 239437/01     Offered on: March 3, 2009   at: 11:17 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 5, 2009: Third Reading Passed (47-0)
House
April 1, 2009: Third Reading Passed (133-0)