HB 0236 |
Neutral | Tax Commissioners and Staff Not in State Retirement System Unless Authorized by Commissioners |
Maxwell,Howard 17th |
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2/9/2012 |
House Committee Favorably Reported |
Ret |
- | - |
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| Under current law, tax commissioners and their employees are members of the state retirement system. Nothing in HB 236 affects the retirement benefits of current tax commissioners or their employees. Nor does it require counties to pay any of the employer contributions for the current tax commissiners or employees. Going forward, however, HB 236 provides that tax commissioners who first take office and any of their employees that are first hired after July 1, 2012, will not become participants in the state retirement system unless, however, the board of commissioners adopts a resolution to inlcude them in the state system. Where the commissioners elect to include them in the state system, the county would have to make the employer contributions to fund those benefits. In addition, the county will have to collect the employee contributions from the participants and remit the employee contributions and the employer contributions to the state retirement system. |
HB 0293 |
Negotiating | Retirement bills; define a certain term |
Benton,Tommy 31st |
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1/25/2012 |
Senate Committee Favorably Reported |
Ret |
RET |
- |
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| |
HB 0297 |
Negotiating | Retirement and pensions; public systems prohibited from expending fund for certain purposes; provide |
Maxwell,Howard 17th |
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5/1/2012 |
House Date Signed by Governor |
Ret |
RET |
- |
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HB 0308 |
Negotiating | Public retirement systems; duties of boards of trustees; provide |
Maxwell,Howard 17th |
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1/25/2012 |
Senate Committee Favorably Reported |
Ret |
RET |
- |
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| This bill statutorily specifies that a board of trustees of public retirement systems and public pension plans have the same duties that common law places on trustees. |
HB 0351 |
Neutral | Increase in Probate Court Judges Retirement Surcharge - Include State Court |
Maxwell,Howard 17th |
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5/1/2012 |
House Date Signed by Governor |
Ret |
RET |
- |
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| This bill eliminates the tiered surcharge on traffic fines to fund probate judges retirement. There will now be a $3.00 surcharge on every traffic case. |
HB 0424 |
Neutral | Superior Court Clerks' Retirement Fund; death benefit for members; provide |
Weldon,Tom 3rd |
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3/19/2012 |
Senate Read Second Time |
Ret |
RET |
- |
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| This bill extends the $5,000 death benefit from clerks who die in office to retired clerks. |
HB 0521 |
Watch | Superior Court Clerks' Retirement Fund; certain employee contribution; reduce |
Morris,Greg 155th |
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3/14/2011 |
House Second Readers |
Ret |
- | - |
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| This bill would change the amount that a chief deputy clerks of court who become clerk of court has to pay to get credit for prior service. Instead of paying the full actuarial cost of the prior service, the clerks would pay $100 per month. |
HB 0645 |
Watch | Superior Court Clerks' Retirement Fund; employee contribution; reduce |
Morris,Greg 155th |
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1/9/2012 |
House Second Readers |
Ret |
- | - |
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HB 0928 |
Watch | Peace Officer's Annuity and Benefit Fund; board of trustees authorized to employ a hearing officer; provide |
Riley,Lynne 50th |
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5/1/2012 |
House Date Signed by Governor |
Ret |
RET |
- |
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| This bill authorizes that the board of trustees for the Peace Officer's Annuity and Benefit Fund to employ a hearing officer. |
SB 0096 |
Negotiating | Peace Officers Annuity/Benefit Fund; certain employees of the Natural Resources Dept. shall be eligible for membership; change definition |
Golden,Tim 8th |
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5/13/2011 |
Senate Date Signed by Governor |
Ret |
RET |
- |
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SB 0286 |
Neutral | Tax Commissioners and Staff: Participation in State Retirement System if County Agrees |
Heath,Bill 31st |
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5/2/2012 |
Senate Date Signed by Governor |
Ret |
RET |
- |
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| Under current law, tax commissioners and their employees are members of the state retirement system. SB 286 would allow all tax commissioners presently in office and any current employees of a tax commissioner to remain in the state system but tax commissioners first taking office after July 1, of 2012 and any employees of a tax commissioner first hired after that date will not automatically be participants in the state retirement system. The county board of commissioners may, however, agree to include them in the state system so long as the county pays to the state the employer's contribution for each such tax commissioner and employee. The county must also agree to collect any employee contributions from the employee and forward same to the state retirement system. |
SB 0402 |
Neutral | Authorizes Alternative Investment Options for Public Retirement Systems |
Golden,Tim 8th |
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4/16/2012 |
Senate Date Signed by Governor |
Ret |
RET |
- |
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| This bill authorizes, but does not require, the state retirement system and other large retirement systems to invest trust assets in specified alternative investments subject to certain conditions and limitations. Examples of alternative investments include leveraged buyout funds, mezzanine funds, debt funds and venture capital funds. Alternative investments can not in the aggregate exceed 5 percent of a retirement system's assets at any time.This bill, signed by the Governor, is effective July 1, 2012. |