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HB 7181: Public Retirement Plans

GENERAL BILL by State Affairs Committee ; Boyd ; Caldwell

Public Retirement Plans; Provides that certain members enrolled in FRS are vested in pension plan after 10 years of creditable service; revises provisions relating to compulsory membership in FRS Investment Plan, membership in Elected Officers' Class & Senior Management Service Class, elected official membership eligibility, & Senior Management Service Optional Annuity Program; closes Senior Management Service Optional Annuity Program to new members; revises provisions relating to disability benefits; provides certain members with specified time to choose participation in pension plan or investment plan; revises provisions related to firefighters' & police officers' pension trust fund & pension plans; revises provisions relating to benefits funded from premium tax revenues & defined contribution plans; provides declaration of important state interest.

Effective Date: 7/1/2014
Last Action: 5/2/2014 Senate - Died on Calendar, companion bill(s) passed, see HB 5005 (Ch. 2014-54)
Location: On 2nd Reading Calendar
Bill Text: PDF



Bill History

Date Chamber Action
4/22/2014 House • Filed
• Referred to Calendar
• Placed on Special Order Calendar, 04/24/14
• Introduced -HJ 596
4/24/2014 House • Read 2nd time -HJ 641
• Amendment(s) adopted (052763) -HJ 649
• Placed on 3rd reading
4/25/2014 House • Read 3rd time -HJ 725
• Amendment(s) failed (331311) -HJ 731
• Amendment(s) adopted (046739) -HJ 737
• Passed as amended; YEAS 74 NAYS 44 -HJ 737
4/25/2014 Senate • In Messages
• Referred to Community Affairs; Governmental Oversight and Accountability; Appropriations -SJ 716
• Received -SJ 716
4/30/2014 Senate • Withdrawn from Community Affairs; Governmental Oversight and Accountability; Appropriations -SJ 851
• Placed on Calendar, on 2nd reading -SJ 851
5/2/2014 Senate • Died on Calendar, companion bill(s) passed, see HB 5005 (Ch. 2014-54)