SENATE BILL 686

Sponsored By:

Senator Kasemeyer

Entitled:

Optional Retirement Program - Supplemental Annuities

Synopsis:

Clarifying the authority of specified higher education institutions to establish specified supplemental retirement plans and offer supplemental annuities and deferred compensation plans to their employees under { 401(a), { 403(b), or { 457 of the Internal Revenue Code, or any other provision of federal law that authorizes supplemental retirement accounts, and to authorize specified employees to participate in one or more of the plans; and making the application of the Act retroactive to January 1, 2002.

History by Legislative Date

Senate Action

2/1

First Reading Budget and Taxation

2/13

Hearing 3/7 at 8:00 a.m.

3/11

Favorable with Amendments Report by Budget and Taxation

3/12

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/14

Third Reading Passed (46-0)

4/3

Returned Passed

5/6

Signed by the Governor Chapter 334

House Action

3/15

First Reading Appropriations

3/20

Hearing 3/27 at 1:00 p.m.

4/4

Favorable Report by Appropriations

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (137-0)

Bill indexed under the following Subjects:

COMMUNITY COLLEGES

FEDERAL GOVERNMENT

HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

STATE EMPLOYEES

STATE UNIVERSITIES AND COLLEGES

Bill affects the following Statutes:

State Personnel and Pensions

( 30-101 , 30-210 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 289932/1 (PDF)     Offered on: March 12, 2002   at: 11:27 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 14, 2002: Third Reading Passed (46-0)

House

April 2, 2002: Third Reading Passed (137-0)