Legislation

Title: State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting
Sponsored by: Senator Jackson (Chair, Joint Committee on Pensions)
Status: Approved by the Governor - Chapter 191
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; providing a list of individuals who immediately vest on taking certain offices; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Appropriations Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0541

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber Senate Calendar Date 1/26/2023 Legislative Date 1/26/2023 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Nonvested Former Members - Return of Accumulated Contributions Proceedings
Chamber Senate Calendar Date 1/26/2023 Legislative Date 1/26/2023 Action Hearing 2/02 at 9:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/08/2023 Legislative Date 3/08/2023 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/09/2023 Legislative Date 3/03/2023 Action Favorable with Amendments {993424/1 Adopted Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/09/2023 Legislative Date 3/03/2023 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 - Earnable Compensation, Nonvested Former Members, and Immediate Vesting Proceedings
Chamber Senate Calendar Date 3/13/2023 Legislative Date 3/04/2023 Action Third Reading Passed (47-0) Proceedings 41AClick to view Recorded Media
Chamber House Calendar Date 3/14/2023 Legislative Date 3/05/2023 Action Referred Appropriations Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 3/20/2023 Legislative Date 3/20/2023 Action Hearing 3/23 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 3/30/2023 Legislative Date 3/30/2023 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 3/30/2023 Legislative Date 3/19/2023 Action Favorable with Amendments {453428/1 Adopted Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 3/30/2023 Legislative Date 3/19/2023 Action Second Reading Passed with Amendments Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 4/04/2023 Legislative Date 3/23/2023 Action Third Reading Passed (131-0) Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2023 Legislative Date 3/25/2023 Action Senate Concurs House Amendments Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2023 Legislative Date 3/25/2023 Action Third Reading Passed (47-0) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2023 Legislative Date 3/25/2023 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 191 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
Senate	1/26/2023	1/26/2023	First Reading Budget and Taxation
			Text - First - State Retirement and Pension System - Nonvested Former Members - Return of Accumulated Contributions
Senate	1/26/2023	1/26/2023	Hearing 2/02 at 9:00 a.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/08/2023	3/08/2023	Favorable with Amendments Report by Budget and Taxation
Senate	3/09/2023	3/03/2023	Favorable with Amendments {993424/1 Adopted	40 Click to view Recorded Media
Senate	3/09/2023	3/03/2023	Second Reading Passed with Amendments	40 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting
Senate	3/13/2023	3/04/2023	Third Reading Passed (47-0)	41AClick to view Recorded Media
House	3/14/2023	3/05/2023	Referred Appropriations	42 Click to view Recorded Media
House	3/20/2023	3/20/2023	Hearing 3/23 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/30/2023	3/30/2023	Favorable with Amendments Report by Appropriations
House	3/30/2023	3/19/2023	Favorable with Amendments {453428/1 Adopted	56 Click to view Recorded Media
House	3/30/2023	3/19/2023	Second Reading Passed with Amendments	56 Click to view Recorded Media
House	4/04/2023	3/23/2023	Third Reading Passed (131-0)	60 Click to view Recorded Media
Senate	4/07/2023	3/25/2023	Senate Concurs House Amendments	62 Click to view Recorded Media
Senate	4/07/2023	3/25/2023	Third Reading Passed (47-0)	62 Click to view Recorded Media
Senate	4/07/2023	3/25/2023	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 191
			Text - Chapter - State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting

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