SENATE BILL 868

Sponsored By:

Senator Hafer

Entitled:

Employees' Pension System - Participating Governmental Units - Contributory Pension Benefit

Synopsis:

Allowing the employees of participating governmental units who are members of the Employees' Pension System to become subject to a contributory pension benefit that alters the benefits those members receive and requires specified member contributions; requiring specified participating governmental units to pay for additional pension liabilities according to any increases in the normal cost percentage plus an amortization schedule approved by the Board of Trustees for the State Retirement and Pension System; etc.

History by Legislative Date

Senate Action

2/21

First Reading Senate Rules

3/4

Re-referred Budget and Taxation

3/12

Hearing 3/21 at 8:00 a.m.

3/28

Favorable Report by Budget and Taxation

Favorable Report Adopted

Second Reading Passed

3/29

Third Reading Passed (46-0)

4/5

Returned Passed

5/6

Signed by the Governor Chapter 341

House Action

3/29

First Reading Appropriations

4/1

Hearing 4/3 at 1:00 p.m.

4/5

Favorable Report by Appropriations

4/3

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (133-0)

Bill indexed under the following Subjects:

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

STATE EMPLOYEES

Bill affects the following Statutes:

State Personnel and Pensions

( 21-307 , 23-307.1 , 31-116 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

House

April 4, 2002: Third Reading Passed (133-0)