Legislation

Title: State Retirement and Pension System - Average Final Compensation - Compensation Adjustments
Sponsored by: Delegate Forbes (Chair, Joint Committee on Pensions)
Status: Approved by the Governor - Chapter 673
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Establishing that certain adjustments to compensation may not be considered an extraordinary salary increase when determining the average final compensation of a member in the State Retirement and Pension System; and requiring a member to submit certain information to the State Retirement Agency in a certain manner at the time of retirement.

Committees

Original:: Appropriations Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0880

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber House Calendar Date 2/05/2024 Legislative Date 2/05/2024 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments Proceedings
Chamber House Calendar Date 2/07/2024 Legislative Date 2/07/2024 Action Hearing 2/27 at 12:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/11/2024 Legislative Date 3/11/2024 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 3/12/2024 Legislative Date 3/01/2024 Action Favorable with Amendments {603629/1 Adopted Proceedings 40 Click to view Recorded Media
Chamber House Calendar Date 3/12/2024 Legislative Date 3/01/2024 Action Second Reading Passed with Amendments Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments Proceedings
Chamber House Calendar Date 3/13/2024 Legislative Date 3/02/2024 Action Third Reading Passed (135-2) Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2024 Legislative Date 2/29/2024 Action Referred Budget and Taxation Proceedings 45 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 3/29/2024 Legislative Date 3/29/2024 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/29/2024 Legislative Date 3/14/2024 Action Favorable Adopted Second Reading Passed Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2024 Legislative Date 3/18/2024 Action Third Reading Passed (47-0) Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/04/2024 Legislative Date 3/22/2024 Action Returned Passed Proceedings 61 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/09/2024 Legislative Date 5/09/2024 Action Approved by the Governor - Chapter 673 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/05/2024	2/05/2024	First Reading Appropriations
			Text - First - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments
House	2/07/2024	2/07/2024	Hearing 2/27 at 12:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/11/2024	3/11/2024	Favorable with Amendments Report by Appropriations
House	3/12/2024	3/01/2024	Favorable with Amendments {603629/1 Adopted	40 Click to view Recorded Media
House	3/12/2024	3/01/2024	Second Reading Passed with Amendments	40 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments
House	3/13/2024	3/02/2024	Third Reading Passed (135-2)	41 Click to view Recorded Media
Senate	3/14/2024	2/29/2024	Referred Budget and Taxation	45 Click to view Recorded Media
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/29/2024	3/29/2024	Favorable Report by Budget and Taxation
Senate	3/29/2024	3/14/2024	Favorable Adopted Second Reading Passed	59 Click to view Recorded Media
Senate	4/03/2024	3/18/2024	Third Reading Passed (47-0)	63 Click to view Recorded Media
House	4/04/2024	3/22/2024	Returned Passed	61 Click to view Recorded Media
Post Passage	5/09/2024	5/09/2024	Approved by the Governor - Chapter 673
			Text - Chapter - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments

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Statutes