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HB 49 (2010) -  Retirement

by Hooper (CO-SPONSORS) Brandenburg; Heller; Kiar; Kreegel; Planas; Porth; Rehwinkel Vasilinda; Van Zant; Zapata
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

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Governmental Affairs Policy Committee Time: 04/30/2010 - 6:59 PM Member: Committee: Governmental Affairs Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Now in Governmental Affairs Policy Committee Time: 10/01/2009 - 11:25 AM Member: Committee: Governmental Affairs Policy Committee Version: __
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 10/01/2009 - 11:25 AM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Referred to Government Operations Appropriations Committee Time: 10/01/2009 - 11:25 AM Member: Committee: Government Operations Appropriations Committee Version: __
Event: H Referred to Military & Local Affairs Policy Committee Time: 10/01/2009 - 11:25 AM Member: Committee: Military & Local Affairs Policy Committee Version: __
Event: H Referred to Governmental Affairs Policy Committee Time: 10/01/2009 - 11:25 AM Member: Committee: Governmental Affairs Policy Committee Version: __
Event: H Filed Time: 08/03/2009 - 1:58 PM Member: Hooper Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
121.0515 HB 127, HB 1193, HB 1315, HB 1319, HB 1543