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Legislation


2004 Regular Session

SENATE BILL 208

File Code: State Pensions and Retirement Prior Year Introduction As: HB 1447/02 - APP
Sponsored By:
Senator Munson
Entitled:
Employees' Retirement System and Employees' Pension System - Deferred Retirement Option Program

Synopsis:

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.

History by Legislative Date

Senate Action
1/28
First Reading Budget and Taxation
1/30
Hearing 2/12 at 8:00 a.m.
2/9
Hearing cancelled
2/11
Hearing 2/26 at 8:00 a.m.
2/17
Hearing cancelled
2/20
Withdrawn
House Action
No Action
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
( 22-217 , 22-401.1 , 23-215 , 23-401.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Not available at this time
Amendments: None offered
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