BILL · 1997–98 SESSION

HB 3053: Teachers' retirement III

Providing a lump sum distribution option for certain members of the teachers' retirement system, plan III.

Summary

  • A TRS III member who has a terminal illness and who has terminated employment may choose to have the balance in the member's account distributed as a lump-sum payment based on the most recent asset valuation in order to expedite the payment.

From the Senate Bill Report (HB 3053), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 117, Laws of 1998
  1. IntroducedJan 28, 1998
  2. Out of committee
  3. Passed HouseFeb 16, 1998
  4. Passed SenateMar 4, 1998
  5. Governor
  6. LawMar 23, 1998
Prime sponsor
Jim Clements (R-14)
Introduced
January 28, 1998 in the House
Last action
March 23, 1998
Session law
Chapter 117, Laws of 1998
Budget
Has a fiscal note

Sponsors

Prime sponsor: Jim Clements (R-14)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

House · Final Passage

February 16, 1998
Version voted on: HB 3053
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat41000
Republican57000
How each member voted

Yea (98)

Senate · Final Passage

March 4, 1998
Version voted on: HB 3053
42 Yea 0 Nay 3 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat22010
Republican20024
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 3053 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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