General Bill
Retirement:
Authorizes certain employees to purchase retirement credit for past service at 3-percent Special Risk Class accrual value; provides requirements for calculating first 2 percent of member's average monthly compensation for purposes of purchasing past service credit; provides requirements for purchasing past service credit in excess of 2 percent but not to exceed 3 percent of member's average monthly compensation; provides requirements for calculating contribution amount; requires contribution for past service credit to be paid immediately upon notification by Division of Retirement; provides that past service credit may be purchased by member or by employer on behalf of member; provides declaration of important state interest.
Effective Date:
July 1, 2010
Last Event:
Died in Governmental Affairs Policy Committee on Friday, April 30, 2010 6:59 PM
Bill #
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Subject
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Relationship
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Bill #:
CS/SB 198
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Subject:
Retirement/Special Risk Class [WPSC]
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Relationship:
Similar
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Bill #:
HB 1543
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Subject:
Public Retirement Plans
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Relationship:
Compare
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Bill #:
SB 1902
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Subject:
Public Retirement Plans [WPSC]
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Relationship:
Compare
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