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2014 SESSION

• | print version

SB 79 Higher educational institutions; maintenance of optional retirement plan.

Introduced by: Frank M. Ruff, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Optional retirement plan maintained by institution of higher education; withdrawal of contributions before retirement. Allows the governing board of an institution of higher education to establish a policy regarding the number of years of service, or any portion thereof, that an employee must have performed before being entitled to receive all optional retirement plan contributions made on his behalf by the institution if he ceases to be an employee other than by death or retirement. The policy would only apply to employees hired on or after July 1, 2014, who are not in continuous service at the time of hiring.

FULL TEXT

• 12/20/13  Senate: Prefiled and ordered printed; offered 01/08/14 14100513D  pdf | impact statement
• 01/14/14  Senate: Committee substitute printed 14103870D-S1  pdf | impact statement
• 03/03/14  Senate: Bill text as passed Senate and House (SB79ER)  pdf | impact statement
• 04/07/14  Governor: Acts of Assembly Chapter text (CHAP0745)  pdf

HISTORY

• 12/20/13  Senate: Prefiled and ordered printed; offered 01/08/14 14100513D
• 12/20/13  Senate: Referred to Committee on Finance
• 01/14/14  Senate: Reported from Finance with substitute (15-Y 0-N)
• 01/14/14  Senate: Committee substitute printed 14103870D-S1
• 01/15/14  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/16/14  Senate: Read second time
• 01/16/14  Senate: Reading of substitute waived
• 01/16/14  Senate: Committee substitute agreed to 14103870D-S1
• 01/16/14  Senate: Engrossed by Senate - committee substitute SB79S1
• 01/17/14  Senate: Read third time and passed Senate (38-Y 0-N)
• 01/23/14  House: Placed on Calendar
• 01/23/14  House: Read first time
• 01/23/14  House: Referred to Committee on Appropriations
• 02/24/14  House: Reported from Appropriations (22-Y 0-N)
• 02/26/14  House: Read second time
• 02/27/14  House: Read third time
• 02/27/14  House: Passed House BLOCK VOTE (99-Y 0-N)
• 02/27/14  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 03/03/14  Senate: Enrolled
• 03/03/14  Senate: Bill text as passed Senate and House (SB79ER)
• 03/03/14  House: Signed by Speaker
• 03/06/14  Senate: Signed by President
• 04/07/14  Governor: Approved by Governor-Chapter 745 (effective 7/1/14)
• 04/07/14  Governor: Acts of Assembly Chapter text (CHAP0745)