Legislation

Title: State Retirement and Pension System - Average Final Compensation - Compensation Adjustments
Sponsored by: Senator Jackson (Chair, Joint Committee on Pensions)
Status: Approved by the Governor - Chapter 672
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:: Budget and Taxation Click to view Recorded Media

Opposite:: Appropriations

Committee Testimony

Witness List

Details

Cross-filed with: HB1004

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber Senate Calendar Date 2/02/2024 Legislative Date 2/02/2024 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/06/2024 Legislative Date 2/06/2024 Action Hearing 2/22 at 8:30 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2024 Legislative Date 3/14/2024 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/14/2024 Legislative Date 2/29/2024 Action Favorable with Amendments {893824/1 Adopted Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2024 Legislative Date 2/29/2024 Action Second Reading Passed with Amendments Proceedings 45 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 Senate Calendar Date 3/15/2024 Legislative Date 3/03/2024 Action Third Reading Passed (45-0) Proceedings 48 Click to view Recorded Media
Chamber House Calendar Date 3/19/2024 Legislative Date 3/12/2024 Action Referred Appropriations Proceedings 51 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/29/2024 Legislative Date 3/29/2024 Action Favorable Report by Appropriations Proceedings
Chamber House Calendar Date 3/29/2024 Legislative Date 3/16/2024 Action Favorable Adopted Proceedings 55 Click to view Recorded Media
Chamber House Calendar Date 3/29/2024 Legislative Date 3/16/2024 Action Second Reading Passed Proceedings 55 Click to view Recorded Media
Chamber House Calendar Date 4/02/2024 Legislative Date 3/18/2024 Action Third Reading Passed (134-2) Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2024 Legislative Date 3/17/2024 Action Returned Passed Proceedings 62 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/09/2024 Legislative Date 5/09/2024 Action Approved by the Governor - Chapter 672 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
Senate	2/02/2024	2/02/2024	First Reading Budget and Taxation
Senate	2/06/2024	2/06/2024	Hearing 2/22 at 8:30 a.m.
			Text - First - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/14/2024	3/14/2024	Favorable with Amendments Report by Budget and Taxation
Senate	3/14/2024	2/29/2024	Favorable with Amendments {893824/1 Adopted	45 Click to view Recorded Media
Senate	3/14/2024	2/29/2024	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments
Senate	3/15/2024	3/03/2024	Third Reading Passed (45-0)	48 Click to view Recorded Media
House	3/19/2024	3/12/2024	Referred Appropriations	51 Click to view Recorded Media
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/29/2024	3/29/2024	Favorable Report by Appropriations
House	3/29/2024	3/16/2024	Favorable Adopted	55 Click to view Recorded Media
House	3/29/2024	3/16/2024	Second Reading Passed	55 Click to view Recorded Media
House	4/02/2024	3/18/2024	Third Reading Passed (134-2)	57 Click to view Recorded Media
Senate	4/03/2024	3/17/2024	Returned Passed	62 Click to view Recorded Media
Post Passage	5/09/2024	5/09/2024	Approved by the Governor - Chapter 672
			Text - Chapter - State Retirement and Pension System - Average Final Compensation - Compensation Adjustments

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Subjects

Statutes