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CS/HB 7079: State Retirement

GENERAL BILL by State Affairs Committee ; Government Operations Subcommittee ; Patronis

State Retirement; Clarifies definitions of terms "normal retirement date" & "vesting"; authorizes distributions to certain members who are terminated from employment for 1 calendar month if member has reached normal retirement date; provides rulemaking authority to DMS & college board of trustees; clarifies provisions related to prohibition of hardship loans or payments; clarifies that retiree who is reemployed in regularly established position after certain date may not be enrolled as renewed member; makes conforming changes to DROP regarding deferral age; provides that benefit for purposes of optional retirement program for State University System includes certain distribution; clarifies when voluntary contributions may be paid out; specifies that definition of term "eligible employee" does not include certain members reemployed in regularly established position; clarifies when benefits may be paid out.

Effective Date: 7/1/2012
Last Action: 5/6/2012 - Chapter No. 2012-222
Bill Text: PDF



Bill History

Date Chamber Action
1/27/2012 House • Filed
• Introduced -HJ 287
1/30/2012 House • Referred to State Affairs Committee -HJ 309
2/14/2012 House • On Committee agenda-- State Affairs Committee, 02/16/12, 11:30 am, Webster Hall
2/16/2012 House • CS by- State Affairs Committee; YEAS 14 NAYS 1 -HJ 684
2/17/2012 House • Pending review of CS -under Rule 7.19(c)
2/20/2012 House • Placed on Calendar -HJ 682
• CS by State Affairs Committee read 1st time -HJ 681
• Placed on Special Order Calendar, 02/22/12
2/22/2012 House • Read 2nd time -HJ 700
• Placed on 3rd reading
2/23/2012 House • Read 3rd time -HJ 749
• CS passed; YEAS 108 NAYS 8 -HJ 750
2/24/2012 Senate • In Messages
3/5/2012 Senate • Received -SJ 836
• Referred to Governmental Oversight and Accountability; Budget -SJ 836
3/8/2012 Senate • Withdrawn from Governmental Oversight and Accountability; Budget -SJ 1041
• Placed on Calendar, on 2nd reading -SJ 1041
• Substituted for CS/CS/SB 2024 -SJ 1041
• Read 2nd time -SJ 1041
• Read 3rd time -SJ 1041
• CS passed; YEAS 39 NAYS 0 -SJ 1041
3/8/2012 House • Ordered enrolled -HJ 1245
4/20/2012 • Signed by Officers and presented to Governor
5/4/2012 • Approved by Governor
5/6/2012 • Chapter No. 2012-222