Legislation - HB0424

Title: State Retirement and Pension System - Nonvested Accounts - Regular Interest
Sponsored by: Delegates Simpson, Acevero, Boafo, Crutchfield, Foley, Lopez, and Simmons
Status: In the Senate - First Reading Budget and Taxation
Analysis: Fiscal and Policy Note

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contributions in active members' nonvested accounts in the State Retirement and Pension System if the members have not withdrawn contributions from the nonvested accounts and are not eligible to receive a certain vested allowance.

Committees

Original:: Appropriations Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0481

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber House Calendar Date 1/30/2023 Legislative Date 1/30/2023 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Nonvested Accounts - Regular Interest Proceedings
Chamber House Calendar Date 1/31/2023 Legislative Date 1/31/2023 Action Hearing 2/14 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 3/06/2023 Legislative Date 3/06/2023 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 3/07/2023 Legislative Date 3/01/2023 Action Favorable with Amendments {603526/1 Adopted Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/07/2023 Legislative Date 3/01/2023 Action Second Reading Passed with Amendments Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Retirement and Pension System - Nonvested Accounts - Regular Interest Proceedings
Chamber House Calendar Date 3/09/2023 Legislative Date 3/03/2023 Action Third Reading Passed (137-0) Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/10/2023 Legislative Date 3/04/2023 Action Referred Budget and Taxation Proceedings 41 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/30/2023	1/30/2023	First Reading Appropriations
			Text - First - State Retirement and Pension System - Nonvested Accounts - Regular Interest
House	1/31/2023	1/31/2023	Hearing 2/14 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/06/2023	3/06/2023	Favorable with Amendments Report by Appropriations
House	3/07/2023	3/01/2023	Favorable with Amendments {603526/1 Adopted	38 Click to view Recorded Media
House	3/07/2023	3/01/2023	Second Reading Passed with Amendments	38 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Nonvested Accounts - Regular Interest
House	3/09/2023	3/03/2023	Third Reading Passed (137-0)	40 Click to view Recorded Media
Senate	3/10/2023	3/04/2023	Referred Budget and Taxation	41 Click to view Recorded Media

File Code

Subjects

Statutes