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2004 SESSION

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HB 244 Retirement System; service credit for state employees when no general salary increase.

Introduced by: David A. Nutter | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Retirement; service credit for state employees when there is no general salary increase. Provides that state employees shall be credited with up to 12 months of additional retirement service credit for each fiscal year that the Commonwealth does not provide a general salary increase. The amount of service credit to be credited to each such employee shall be equal to the number of months that the person was in service as a state employee in the relevant fiscal year, rounded up to the nearest whole month. Local government employees are not eligible to receive the additional service credit.

The bill is effective for fiscal years beginning on or after July 1, 2004.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/08/04 042941436  pdf | impact statement

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/08/04 042941436
• 01/14/04  House: Referred to Committee on Appropriations
• 01/15/04  House: Assigned to App. sub-committee: 10
• 02/09/04  House: Tabled in Appropriations (25-Y 0-N)