Legislation

Establishing a cash balance plan under the State Retirement and Pension System; exempting specified individuals who elect to participate in the cash balance plan from the requirement to join the Employees' Pension System as a condition of employment; requiring the Board of Trustees for the State Retirement and Pension System to administer the cash balance plan and adopt specified regulations; providing the vesting requirements for participating employees in the cash balance plan; etc.

Committees

Original:: Appropriations Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2014

Contingency - on a contingency described in Sec. 3 of the bill

History

Legislation History
Chamber House Calendar Date 1/29/2014 Legislative Date 1/30/2014 Action First Reading Appropriations Proceedings
Chamber House Calendar Date 1/30/2014 Legislative Date 1/30/2014 Action Hearing 2/11 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/10/2014 Legislative Date 3/11/2014 Action Unfavorable Report by Appropriations Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/29/2014	1/30/2014	First Reading Appropriations
House	1/30/2014	1/30/2014	Hearing 2/11 at 1:00 p.m.
House	3/10/2014	3/11/2014	Unfavorable Report by Appropriations

Documents

Date Posted	Document Name
1/30/2014	Text - First - Employees' Pension System - Cash Balance Plan Option
3/12/2014	Vote - House - Committee - Appropriations

File Code

Subjects

Statutes