Legislation

Title: State Retirement and Pension System - Administration - Clarification and Technical Correction
Sponsored by: Delegate Forbes (Chair, Joint Committee on Pensions)
Status: Approved by the Governor - Chapter 662
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Clarifying that the Board of Trustees for the State Retirement and Pension System may pay certain incentive compensation to the Chief Investment Officer for the State Retirement and Pension System if the Chief Investment Officer retires from the Investment Division of the State Retirement Agency in a certain manner; and correcting a certain incorrect reference of an age restriction applying to certain members of the Law Enforcement Officers' Pension System who participate in the Deferred Retirement Option Program (DROP).

Committees

Original:: Appropriations Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0320

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber House Calendar Date 1/18/2024 Legislative Date 1/18/2024 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Police Retirement System and Law Enforcement Officers’ Pension System – Deferred Retirement Option Program – Technical Correction Proceedings
Chamber House Calendar Date 1/23/2024 Legislative Date 1/23/2024 Action Hearing 2/06 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 2/19/2024 Legislative Date 2/19/2024 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 2/20/2024 Legislative Date 2/20/2024 Action Favorable with Amendments {763122/1 Adopted Proceedings 30 Click to view Recorded Media
Chamber House Calendar Date 2/20/2024 Legislative Date 2/20/2024 Action Second Reading Passed with Amendments Proceedings 30 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Retirement and Pension System - Administration - Clarification and Technical Correction Proceedings
Chamber House Calendar Date 2/22/2024 Legislative Date 2/22/2024 Action Third Reading Passed (138-0) Proceedings 32 Click to view Recorded Media
Chamber Senate Calendar Date 2/26/2024 Legislative Date 2/16/2024 Action Referred Budget and Taxation Proceedings 32 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 3/25/2024 Legislative Date 3/25/2024 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/26/2024 Legislative Date 3/11/2024 Action Favorable Adopted Second Reading Passed Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2024 Legislative Date 3/12/2024 Action Third Reading Passed (46-0) Proceedings 57 Click to view Recorded Media
Chamber House Calendar Date 3/28/2024 Legislative Date 3/15/2024 Action Returned Passed Proceedings 54 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/09/2024 Legislative Date 5/09/2024 Action Approved by the Governor - Chapter 662 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - State Retirement and Pension System - Administration - Clarification and Technical Correction Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/18/2024	1/18/2024	First Reading Appropriations
			Text - First - State Police Retirement System and Law Enforcement Officers’ Pension System – Deferred Retirement Option Program – Technical Correction
House	1/23/2024	1/23/2024	Hearing 2/06 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	2/19/2024	2/19/2024	Favorable with Amendments Report by Appropriations
House	2/20/2024	2/20/2024	Favorable with Amendments {763122/1 Adopted	30 Click to view Recorded Media
House	2/20/2024	2/20/2024	Second Reading Passed with Amendments	30 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Administration - Clarification and Technical Correction
House	2/22/2024	2/22/2024	Third Reading Passed (138-0)	32 Click to view Recorded Media
Senate	2/26/2024	2/16/2024	Referred Budget and Taxation	32 Click to view Recorded Media
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/25/2024	3/25/2024	Favorable Report by Budget and Taxation
Senate	3/26/2024	3/11/2024	Favorable Adopted Second Reading Passed	56 Click to view Recorded Media
Senate	3/27/2024	3/12/2024	Third Reading Passed (46-0)	57 Click to view Recorded Media
House	3/28/2024	3/15/2024	Returned Passed	54 Click to view Recorded Media
Post Passage	5/09/2024	5/09/2024	Approved by the Governor - Chapter 662
			Text - Chapter - State Retirement and Pension System - Administration - Clarification and Technical Correction

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