HOUSE BILL 534

Sponsored By:

Delegate Proctor (Chairman, Joint Committee on Pensions)

Entitled:

Retirement and Pensions - Limitations on Benefits and Contributions

Synopsis:

Amending the compensation limits that are used to determine the retirement allowances of members of the State Retirement and Pension System to reflect provisions of the Internal Revenue Code; allowing members of the State retirement and pension systems to fund purchases of prior service credit from specified funding sources; altering the method of payment members of the State Retirement and Pension System may use to pay for creditable service; making the Act an emergency measure; etc.

History by Legislative Date

House Action

1/31

First Reading Appropriations

2/13

Hearing 2/26 at 11:00 a.m.

3/22

Favorable with Amendments Report by Appropriations

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/23

Third Reading Passed (140-0)

4/4

Returned Passed

5/6

Signed by the Governor Chapter 375

Senate Action

3/25

First Reading Budget and Taxation

3/26

Hearing 4/4 at 8:00 a.m.

4/5

Favorable Report by Budget and Taxation

4/3

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (47-0)

Sponsored by:

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

Pensions, Joint Comm. on

Bill indexed under the following Subjects:

FEDERAL GOVERNMENT

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

STATE EMPLOYEES

Bill affects the following Statutes:

State Personnel and Pensions

( 20-207 , 20-208 , 21-601 , 23-308 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 614968/1 (PDF)     Offered on: March 22, 2002   at: 12:26 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 23, 2002: Third Reading Passed (140-0)

Senate

April 4, 2002: Third Reading Passed (47-0)