Legislation

Title: State Employees and Teachers - Cash Balance Plan
Sponsored by: Delegates Szeliga, Afzali, Aumann, Ghrist, Krebs, McComas, Morgan, Saab, Vogt, and West
Status: In the House - Unfavorable Report by Appropriations
Analysis: Fiscal and Policy Note

Synopsis

Establishing a cash balance plan under the State Retirement and Pension System; requiring that individuals who on June 30, 2018, are members of specified pension systems become members of the cash balance plan on July 1, 2018; requiring that specified individuals who are employed on or after July 1, 2018, by participating employers become members of the cash balance plan; requiring the Board of Trustees of the State Retirement and Pension System to administer the cash balance plan; etc.

Committees

Original:: Appropriations Click to view Recorded Media

Details

Cross-filed with: SB0486

Bill File Type: Regular

Effective Date(s): June 1, 2017

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 2/08/2017 Legislative Date 2/08/2017 Action First Reading Appropriations Proceedings
Chamber House Calendar Date 2/08/2017 Legislative Date 2/08/2017 Action Hearing 2/21 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Employees and Teachers - Cash Balance Plan Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/10/2017 Legislative Date 4/10/2017 Action Unfavorable Report by Appropriations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/08/2017	2/08/2017	First Reading Appropriations
House	2/08/2017	2/08/2017	Hearing 2/21 at 1:00 p.m.
			Text - First - State Employees and Teachers - Cash Balance Plan
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	4/10/2017	4/10/2017	Unfavorable Report by Appropriations

File Code

Subjects

Statutes