Legislation

Title: State Retirement and Pension System – Nonvested Accounts – Regular Interest
Sponsored by: Senators Lewis Young and Benson
Status: Approved by the Governor - Chapter 234
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring a certain rate of interest on certain member contributions in active members' nonvested accounts in the State Retirement and Pension System if the members have not withdrawn contributions from the nonvested accounts and are not eligible to receive a certain vested allowance; and applying the Act retroactively.

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: HB0424

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber Senate Calendar Date 2/03/2023 Legislative Date 2/03/2023 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/03/2023 Legislative Date 2/03/2023 Action Hearing 2/16 at 8:30 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System – Nonvested Accounts – Regular Interest 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 {443228/1 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 – Nonvested Accounts – Regular Interest 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 3/22/2023 Legislative Date 3/22/2023 Action Hearing 3/29 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/26/2023 Legislative Date 3/26/2023 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/26/2023 Legislative Date 3/26/2023 Action Hearing 3/29 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 Report by Appropriations Proceedings
Chamber House Calendar Date 3/30/2023 Legislative Date 3/19/2023 Action Favorable Adopted Second Reading Passed Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 4/04/2023 Legislative Date 3/22/2023 Action Third Reading Passed (140-0) Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2023 Legislative Date 3/22/2023 Action Returned Passed Proceedings 59 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/24/2023 Legislative Date 4/24/2023 Action Approved by the Governor - Chapter 234 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - State Retirement and Pension System – Nonvested Accounts – Regular Interest Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/03/2023	2/03/2023	First Reading Budget and Taxation
Senate	2/03/2023	2/03/2023	Hearing 2/16 at 8:30 a.m.
			Text - First - State Retirement and Pension System – Nonvested Accounts – Regular Interest
			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 {443228/1 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 – Nonvested Accounts – Regular Interest
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	3/22/2023	3/22/2023	Hearing 3/29 at 1:00 p.m.
House	3/26/2023	3/26/2023	Hearing canceled
House	3/26/2023	3/26/2023	Hearing 3/29 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/30/2023	3/30/2023	Favorable Report by Appropriations
House	3/30/2023	3/19/2023	Favorable Adopted Second Reading Passed	56 Click to view Recorded Media
House	4/04/2023	3/22/2023	Third Reading Passed (140-0)	59 Click to view Recorded Media
Senate	4/04/2023	3/22/2023	Returned Passed	59 Click to view Recorded Media
Post Passage	4/24/2023	4/24/2023	Approved by the Governor - Chapter 234
			Text - Chapter - State Retirement and Pension System – Nonvested Accounts – Regular Interest

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Statutes