BILL · 2003–04 SESSION

SB 6247: Retirement vesting

Vesting after five years of service in the defined benefit portion of the public employees' retirement system, the school employees' retirement system, and the teachers' retirement system plan 3.

Summary

  • Reduces the required length of service for vesting in the Public Employees' Retirement System, the School Employees' Retirement System, and the Teachers' Retirement System Plans 3 from 10 years to five years.

From the House Bill Analysis (SB 6247), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 15, 2004
  2. Out of committeeFeb 2, 2004
  3. Passed SenateFeb 16, 2004
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Shirley Winsley (R-28)
Introduced
January 15, 2004 in the Senate
Last action
March 11, 2004
Requested by
Other
Companion bill
HB 2540
Budget
Has a fiscal note

AN ACT Relating to vesting after five years of service in the defined benefit portion of the public employees' retirement system, the school employees' retirement system, and the teachers' retirement system plan 3;

Sponsors

Votes

Senate · 3rd Reading & Final Passage

Passed February 16, 2004
Version voted on: SB 6247
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

History

  1. By resolution, returned to Senate Rules Committee for third reading.
  2. First reading, referred to Appropriations.
  3. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  4. Rules suspended. Placed on Third Reading.
  5. Placed on second reading by Rules Committee.
  6. Passed to Rules Committee for second reading.
  7. WM - Majority; do pass.
  8. First reading, referred to Ways & Means.

SB 6247 in other sessions

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

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