2009 Regular Session

SENATE BILL 178

File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 448
Sponsored By:
Senator McFadden (Chair, Joint Committee on Pensions)
Entitled:
State Retirement and Pension System - Investments

Synopsis:

Authorizing the Chief Investment Officer for the State Retirement and Pension System to select and invest in specified investment vehicles on behalf of the State Retirement and Pension System; providing that specified external investment managers for the State Retirement System shall be selected by the Chief Investment Officer; and increasing the current fee cap for externally managed investment assets from 0.3% to 0.5% of a specified determination of market value for the State Retirement and Pension System.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
1/22
First Reading Budget and Taxation
2/4
Hearing 2/18 at 1:00 p.m.
3/16
Favorable with Amendments Report by Budget and Taxation
3/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (44-0)
4/4
Returned Passed
House Action
3/20
First Reading Appropriations
3/25
Hearing 4/1 at 1:00 p.m.
4/6
Favorable Report by Appropriations
3/31
Favorable Report Adopted
Special Order 4/7 (Delegate McDonough) Adopted
4/1
Second Reading Passed
4/2
Third Reading Passed (138-0)
Action after passage in Senate and House
5/19
Vetoed by the Governor (Duplicative)

Sponsored by:

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

Bill indexed under the following Subjects:

Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Investments -see also- Securities
Retirement Systems -see also- Mandatory Retirement
State Employees

Bill affects the following Statutes:

State Personnel and Pensions
( 21-122 , 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: 509636/01     Offered on: March 17, 2009   at: 11:22 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 19, 2009: Third Reading Passed (44-0)
House
April 2, 2009: Third Reading Passed (138-0)