HOUSE BILL 705

Sponsored By:

Delegate Rosenberg

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

House Action

2/6

First Reading Appropriations

2/13

Hearing 3/5 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 (138-0)

4/3

Returned Passed

5/15

Governor vetoed - Cross-filed bill was signed

Senate Action

3/25

First Reading Budget and Taxation

4/4

Favorable Report by Budget and Taxation

4/2

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (47-0)

Bill indexed under the following Subjects:

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:

House

Number: 094366/1 (PDF)     Offered on: March 22, 2002   at: 12:27 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 23, 2002: Third Reading Passed (138-0)

Senate

April 3, 2002: Third Reading Passed (47-0)