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SB 0956 - State Retirement and Pension Systems - New Hires - Cash Balance Defined Benefit Plan
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Tracking Level: No Position
Sponsor: Senator Brinkley
Last Action: 2/29/2012 - S Hearing 3/8 at 8:30 a.m.
Senate Committee:
Assigned To:
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Employee Benefits and RelationsNext Bill

Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-SB 956
2012 Regular Session

SENATE BILL 956

File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 645
Sponsored By:
Senator Brinkley
Entitled:
State Retirement and Pension Systems - New Hires - Cash Balance Defined Benefit Plan

Synopsis:

Establishing a cash balance plan under the State Retirement and Pension System; requiring that individuals who are employed by participating employers on or after July 1, 2012, become members of the cash balance plan; requiring the Board of Trustees of the State Retirement and Pension System to administer the cash balance plan; requiring the State Retirement Agency to obtain a specified IRS determination letter; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/14
First Reading Senate Rules
2/20
Re-referred Budget and Taxation
2/29
Hearing 3/8 at 8:30 a.m.
House Action
No Action

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government
Appropriations
Federal Government
Public Employees -see also- State Employees
Retirement Systems -see also- Mandatory Retirement
Rules and Regulations
State Employees
Teachers

Bill affects the following Statutes:

State Personnel and Pensions
( 23-203 , 23-204 , 23-208 , 30-302 , 41-101 through 41-208 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered