Legislation

Repealing a requirement that annuity contracts purchased under the optional retirement program shall be issued to and become the property of participating employees of the program; clarifying that the rights of participating employees who purchase annuity contracts under the program are fully vested and not subject to forfeit; authorizing a participating employee in the optional retirement program to select specified annuity contracts for the transfer of existing balances; applying the Act prospectively; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Appropriations Click to view Recorded Media

Details

Cross-filed with: HB0304

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/25/2017 Legislative Date 1/25/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Optional Retirement Program - Annuity Contracts - Employee Rights Proceedings
Chamber Senate Calendar Date 1/27/2017 Legislative Date 1/27/2017 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 3/06/2017 Legislative Date 3/06/2017 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/07/2017 Legislative Date 3/07/2017 Action Favorable with Amendments {489537/1 Adopted Proceedings 38 Click to view Recorded Media
Chamber Senate Calendar Date 3/07/2017 Legislative Date 3/07/2017 Action Second Reading Passed with Amendments Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Optional Retirement Program - Annuity Contracts - Employee Rights Proceedings
Chamber Senate Calendar Date 3/09/2017 Legislative Date 3/09/2017 Action Third Reading Passed (47-0) Proceedings 40 Click to view Recorded Media
Chamber House Calendar Date 3/10/2017 Legislative Date 3/10/2017 Action Referred Appropriations Proceedings 43 Click to view Recorded Media
Chamber House Calendar Date 3/15/2017 Legislative Date 3/15/2017 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 3/31/2017 Legislative Date 3/31/2017 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 3/31/2017 Legislative Date 3/27/2017 Action Favorable with Amendments {164563/1 Adopted Proceedings 61 Click to view Recorded Media
Chamber House Calendar Date 3/31/2017 Legislative Date 3/27/2017 Action Second Reading Passed with Amendments Proceedings 61 Click to view Recorded Media
Chamber House Calendar Date 4/04/2017 Legislative Date 3/28/2017 Action Third Reading Passed (139-0) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2017 Legislative Date 3/30/2017 Action Senate Concurs House Amendments Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2017 Legislative Date 3/30/2017 Action Third Reading Passed (47-0) Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2017 Legislative Date 3/30/2017 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Optional Retirement Program - Annuity Contracts - Employee Rights Proceedings
Chamber Post Passage Calendar Date 5/04/2017 Legislative Date 5/04/2017 Action Approved by the Governor - Chapter 528 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Optional Retirement Program - Annuity Contracts - Employee Rights Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/25/2017	1/25/2017	First Reading Budget and Taxation
			Text - First - Optional Retirement Program - Annuity Contracts - Employee Rights
Senate	1/27/2017	1/27/2017	Hearing 2/02 at 9:00 a.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/06/2017	3/06/2017	Favorable with Amendments Report by Budget and Taxation
Senate	3/07/2017	3/07/2017	Favorable with Amendments {489537/1 Adopted	38 Click to view Recorded Media
Senate	3/07/2017	3/07/2017	Second Reading Passed with Amendments	38 Click to view Recorded Media
			Text - Third - Optional Retirement Program - Annuity Contracts - Employee Rights
Senate	3/09/2017	3/09/2017	Third Reading Passed (47-0)	40 Click to view Recorded Media
House	3/10/2017	3/10/2017	Referred Appropriations	43 Click to view Recorded Media
House	3/15/2017	3/15/2017	Hearing 3/23 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/31/2017	3/31/2017	Favorable with Amendments Report by Appropriations
House	3/31/2017	3/27/2017	Favorable with Amendments {164563/1 Adopted	61 Click to view Recorded Media
House	3/31/2017	3/27/2017	Second Reading Passed with Amendments	61 Click to view Recorded Media
House	4/04/2017	3/28/2017	Third Reading Passed (139-0)	62 Click to view Recorded Media
Senate	4/05/2017	3/30/2017	Senate Concurs House Amendments	59 Click to view Recorded Media
Senate	4/05/2017	3/30/2017	Third Reading Passed (47-0)	59 Click to view Recorded Media
Senate	4/05/2017	3/30/2017	Passed Enrolled
			Text - Enrolled - Optional Retirement Program - Annuity Contracts - Employee Rights
Post Passage	5/04/2017	5/04/2017	Approved by the Governor - Chapter 528
			Text - Chapter - Optional Retirement Program - Annuity Contracts - Employee Rights

File Code

Subjects

Statutes