BILL · 2005–06 SESSION
SB 5512: TRS early retirement
Permitting members of the teachers' retirement system plan 2 and plan 3 who qualify for early retirement or alternate early retirement to make a one-time purchase of additional service credit.
Summary
- Members of TRS 2 or TRS 3 who are eligible for early retirement are allowed to purchase up to five years of additional service credit at the time of retirement. The cost of the additional service credit is the actuarially equivalent value of the resulting increase in the members' benefit.
From the Senate Bill Report (SB 5512), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 26, 2005
- Out of committeeMar 2, 2005
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Debbie Regala (D-27)
- Introduced
- January 26, 2005 in the Senate
- Last action
- January 9, 2006
- Requested by
- Other
- Companion bill
- HB 1327
- Budget
- Has a fiscal note
AN ACT Relating to permitting members of the teachers' retirement system plan 2 and plan 3 who qualify for early retirement or alternate early retirement to make a one-time purchase of additional service credit;
Sponsors
Prime sponsor: Debbie Regala (D-27)
9 co-sponsors (6 Democrats, 3 Republicans)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- WM - Majority; do pass.
- Passed to Rules Committee for second reading.
- First reading, referred to Ways & Means.
SB 5512 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5512 (2025–26) House-banked card rooms
- SB 5512 (2023–24) Higher ed. financial reports
- SB 5512 (2021–22) State nickname
- SB 5512 (2019–20) Teacher prep. skills assess.
- SB 5512 (2017–18) State hospitals/DOH
- SB 5512 (2015–16) Retro rating plan emps, grps
- SB 5512 (2013–14) School administrators
- SB 5512 (2011–12) Access to public records