Legislation - HB1033

Title: State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
Sponsored by: Delegate Forbes (Chair, Joint Committee on Pensions)
Status: In the Senate - Second Reading Passed
Analysis: Fiscal and Policy Note

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:: Appropriations Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0693

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/03/2025 Legislative Date 2/03/2025 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation Proceedings
Chamber House Calendar Date 2/21/2025 Legislative Date 2/21/2025 Action Hearing 3/11 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/14/2025 Legislative Date 3/14/2025 Action Favorable Report by Appropriations Proceedings
Chamber House Calendar Date 3/14/2025 Legislative Date 3/04/2025 Action Favorable Adopted Second Reading Passed Proceedings 44 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation Proceedings
Chamber House Calendar Date 3/17/2025 Legislative Date 3/07/2025 Action Third Reading Passed (137-0) Proceedings 47 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2025 Legislative Date 3/01/2025 Action Referred Budget and Taxation Proceedings 49 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/27/2025 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/09/2025 Action Favorable Adopted Second Reading Passed Proceedings 57 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/03/2025	2/03/2025	First Reading Appropriations
			Text - First - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
House	2/21/2025	2/21/2025	Hearing 3/11 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/14/2025	3/14/2025	Favorable Report by Appropriations
House	3/14/2025	3/04/2025	Favorable Adopted Second Reading Passed	44 Click to view Recorded Media
			Text - Third - State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation
House	3/17/2025	3/07/2025	Third Reading Passed (137-0)	47 Click to view Recorded Media
Senate	3/17/2025	3/01/2025	Referred Budget and Taxation	49 Click to view Recorded Media
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/27/2025	3/27/2025	Favorable Report by Budget and Taxation
Senate	3/27/2025	3/09/2025	Favorable Adopted Second Reading Passed	57 Click to view Recorded Media

File Code

Subjects

Statutes