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2006 SESSION
HB 369 Retirement System; changes in benefits for state employees, state & local law-enforcement officers.
Introduced by: Charles W. Carrico, Sr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Retirement; state employees, state police and law-enforcement officers, and certain local law-enforcement officers. Modifies the retirement benefits of non-law-enforcement state employees by increasing from 1.7 percent to 2.0 percent the percentage of average final compensation multiplied by the years of creditable service and modifies the retirement benefits of state police and law-enforcement officers and certain local law-enforcement officers by (i) increasing from 1.7 percent to 2.7 percent the percentage of average final compensation multiplied by the years of creditable service in such positions, and by deleting the supplemental allowance currently paid to members upon retirement until their Social Security retirement age, and (ii) deleting the minimum age requirement for members with 25 or more years of service.
FULL TEXT
HISTORY
- 01/06/06 House: Prefiled and ordered printed; offered 01/11/06 067023264
- 01/06/06 House: Referred to Committee on Appropriations
- 01/27/06 House: Assigned App. sub: Compensation and Retirement (Putney)
- 02/15/06 House: Left in Appropriations