Legislation - SB0693

Title: State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
Sponsored by: Senator Jackson (Chair, Joint Committee on Pensions)
Status: In the Senate - First Reading Judicial Proceedings
Analysis

Synopsis

Clarifying that the maximum average final compensation that certain retirees of the State Retirement and Pension System is to be based on the minimum annual salary on the standard State pay scale as of January 1 of the preceding calendar year in order to be exempt from a certain reemployment earnings limitation; and adding an average final compensation reemployment exemption for the temporary suspension of a retirement allowance for disability retirees.

Committees

Original:: Judicial Proceedings

Details

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/30/2025 Legislative Date 1/26/2025 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/30/2025	1/26/2025	First Reading Judicial Proceedings
			Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation

File Code

Subjects

Statutes