Legislation

Title: State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting
Sponsored by: Delegate Forbes (Chair, Joint Committee on Pensions)
Status: Approved by the Governor - Chapter 192
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Specifying that the definition of "earnable compensation" does not include certain payments requiring the Board of Trustees for the State Retirement and Pension System to pay a nonvested former member's accumulated contributions to the nonvested former member's designated beneficiary or estate if the nonvested former member dies before withdrawing the member's contributions; and providing a list of individuals who immediately vest on taking certain offices.

Committees

Original:: Appropriations Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0274

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber House Calendar Date 2/01/2023 Legislative Date 2/01/2023 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System – Nonvested Former Members – Return of Accumulated Contributions Proceedings
Chamber House Calendar Date 2/03/2023 Legislative Date 2/03/2023 Action Hearing 2/21 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/05/2023 Legislative Date 2/05/2023 Action Hearing canceled Proceedings
Chamber House Calendar Date 2/05/2023 Legislative Date 2/05/2023 Action Hearing 2/14 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/27/2023 Legislative Date 2/27/2023 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 2/28/2023 Legislative Date 2/25/2023 Action Favorable with Amendments {973227/1 Adopted Proceedings 34 Click to view Recorded Media
Chamber House Calendar Date 2/28/2023 Legislative Date 2/25/2023 Action Second Reading Passed with Amendments Proceedings 34 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting Proceedings
Chamber House Calendar Date 3/02/2023 Legislative Date 2/27/2023 Action Third Reading Passed (137-0) Proceedings 36 Click to view Recorded Media
Chamber Senate Calendar Date 3/03/2023 Legislative Date 2/28/2023 Action Referred Budget and Taxation Proceedings 37 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2023 Legislative Date 4/05/2023 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/05/2023 Legislative Date 3/23/2023 Action Favorable with Amendments {543226/1 Adopted Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2023 Legislative Date 3/23/2023 Action Second Reading Passed with Amendments Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2023 Legislative Date 3/24/2023 Action Third Reading Passed (47-0) Proceedings 61 Click to view Recorded Media
Chamber House Calendar Date 4/08/2023 Legislative Date 3/30/2023 Action House Concurs Senate Amendments Proceedings 67 Click to view Recorded Media
Chamber House Calendar Date 4/08/2023 Legislative Date 3/30/2023 Action Third Reading Passed (140-0) Proceedings 67 Click to view Recorded Media
Chamber House Calendar Date 4/08/2023 Legislative Date 3/30/2023 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting Proceedings
Chamber Post Passage Calendar Date 4/24/2023 Legislative Date 4/24/2023 Action Approved by the Governor - Chapter 192 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/01/2023	2/01/2023	First Reading Appropriations
			Text - First - State Retirement and Pension System – Nonvested Former Members – Return of Accumulated Contributions
House	2/03/2023	2/03/2023	Hearing 2/21 at 1:00 p.m.
House	2/05/2023	2/05/2023	Hearing canceled
House	2/05/2023	2/05/2023	Hearing 2/14 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	2/27/2023	2/27/2023	Favorable with Amendments Report by Appropriations
House	2/28/2023	2/25/2023	Favorable with Amendments {973227/1 Adopted	34 Click to view Recorded Media
House	2/28/2023	2/25/2023	Second Reading Passed with Amendments	34 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting
House	3/02/2023	2/27/2023	Third Reading Passed (137-0)	36 Click to view Recorded Media
Senate	3/03/2023	2/28/2023	Referred Budget and Taxation	37 Click to view Recorded Media
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/05/2023	4/05/2023	Favorable with Amendments Report by Budget and Taxation
Senate	4/05/2023	3/23/2023	Favorable with Amendments {543226/1 Adopted	60 Click to view Recorded Media
Senate	4/05/2023	3/23/2023	Second Reading Passed with Amendments	60 Click to view Recorded Media
Senate	4/06/2023	3/24/2023	Third Reading Passed (47-0)	61 Click to view Recorded Media
House	4/08/2023	3/30/2023	House Concurs Senate Amendments	67 Click to view Recorded Media
House	4/08/2023	3/30/2023	Third Reading Passed (140-0)	67 Click to view Recorded Media
House	4/08/2023	3/30/2023	Passed Enrolled
			Text - Enrolled - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting
Post Passage	4/24/2023	4/24/2023	Approved by the Governor - Chapter 192
			Text - Chapter - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting

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Statutes