HOUSE BILL 196

Sponsored By:

Delegate Proctor (Chairman, Joint Committee on Pensions)

Entitled:

Pensions - Compensation Limit

Synopsis:

Providing a compensation limit of $150,000, as adjusted by the Commissioner of Internal Revenue, that applies to the annual compensation that may be taken into account when determining the retirement allowances of members of any State retirement or pension system who become members on or after July 1, 1996.

Legislative History

House Action

1/18

First Reading Appropriations

1/24

Hearing 2/1 at 11:00 a.m.

2/14

Favorable Report by Appropriations

2/15

Favorable Report Adopted

Second Reading Passed

2/19

Third Reading Passed (132-0)

3/25

Returned Passed

5/23

Signed by the Governor Chapter 608

Senate Action

2/20

First Reading Budget and Taxation

3/19

Hearing 3/21 at 8:30 a.m.

3/25

Favorable Report by Budget and Taxation

Favorable Report Adopted

Second Reading Passed

3/27

Third Reading Passed (46-1)

Sponsored by:

Delegate James E. Proctor, Jr., District 27A

Pensions, Special Joint Comm. on

Bill indexed under the following Subjects:

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

SALARIES AND COMPENSATION

STATE EMPLOYEES

Bill affects the following Statute:

State Personnel and Pensions

( 20-207 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None available