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HB 787: FRS/Avg. Final Compensation/Vesting

GENERAL BILL by Richardson ; (CO-INTRODUCERS) Kendrick

FRS/Avg. Final Compensation/Vesting; redefines term "average final compensation" to be average of 3 highest fiscal years of compensation & term "normal retirement date" to mean attainment of 5 years of creditable service; provides for funding of revision of system by this act; revises contribution rates; provides finding of important state interest. Amends 121.021.

Effective Date: 07/01/2001
Last Action: 5/4/2001 House - Died in Committee on State Administration (SGC)
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
3/1/2001 House • Prefiled
3/6/2001 House • Introduced -HJ 00063
3/7/2001 House • Referred to State Administration (SGC); Fiscal Policy & Resources (FRC); Fiscal Responsibility Council -HJ 00191
5/4/2001 House • Died in Committee on State Administration (SGC)