File Code: State Pensions and Retirement
- Sponsored By:
-
Chairman, Appropriations Committee
- Entitled:
-
Employees' Retirement System and Employees' Pension System -
Deferred Retirement Option Program
Creating a Deferred Retirement Option Program (DROP) for specified
members of specified State systems; establishing eligibility
requirements; providing for an application procedure; specifying how
participation affects a participant's compensation and benefits;
requiring the State Retirement Agency to request a private letter
ruling from the Internal Revenue Service that makes specified
confirmations; making the Act contingent on receipt of an Internal
Revenue Service ruling; etc.
House Action
- 3/11
- First Reading House Rules and Executive Nominations
- Motion Rules Suspended for late introduction (Delegate Rawlings) Adopted (127-1)
- Referred House Rules and Executive Nominations
- 3/18
- Re-referred Appropriations
- 3/19
- Hearing 3/22 at 1:00 p.m.
- 3/28
- Unfavorable Report by Appropriations
Senate Action
- No Action
- Bill indexed under the following Subjects:
- ADMINISTRATIVE AGENCIES -see also- ELECTRONIC GOVERNMENT
- FEDERAL GOVERNMENT
- RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
- STATE EMPLOYEES
- Bill affects the following Statutes:
- State Personnel and Pensions
- (
22-217 ,
22-401.1 ,
23-215 ,
23-401.1
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
- Roll Call Vote (Legislative date is shown):
- House
- March 11, 2002: Motion Rules Suspended for late introduction (Rawlings) Adopted (127-1)
