Legislation

Establishing a cash balance plan under the State Retirement and Pension System; providing that certain individuals are not eligible to participate in the Employees' Pension System or the Teachers' Pension System if they elect to participate in the cash balance plan; providing that certain individuals are not eligible to participate in the optional retirement program if they elect to participate in the cash balance plan; authorizing participation in the cash balance plan for certain individuals hired on or after July 1, 2020; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2019

Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Employees and Teachers - Cash Balance Plan Proceedings
Chamber Senate Calendar Date 2/06/2019 Legislative Date 2/06/2019 Action Hearing 2/28 at 9:00 a.m. Proceedings
Chamber Senate Calendar Date 2/18/2019 Legislative Date 2/18/2019 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/18/2019 Legislative Date 2/18/2019 Action Hearing 2/28 at 8:30 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/04/2019	2/04/2019	First Reading Budget and Taxation
			Text - First - State Employees and Teachers - Cash Balance Plan
Senate	2/06/2019	2/06/2019	Hearing 2/28 at 9:00 a.m.
Senate	2/18/2019	2/18/2019	Hearing canceled
Senate	2/18/2019	2/18/2019	Hearing 2/28 at 8:30 a.m.

File Code

Subjects

Statutes