BILL · 2005–06 SESSION

SB 6450: Vesting after 5 years

Allowing 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

  • Members of PERS, TRS, and SERS Plans 3 vest after five years of service.

From the Senate Bill Report (SB 6450), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 12, 2006
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Craig Pridemore (D-49)
Introduced
January 12, 2006 in the Senate
Last action
January 12, 2006
Requested by
Other
Companion bill
HB 2684
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

Prime sponsor: Craig Pridemore (D-49)

4 co-sponsors (3 Democrats, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Ways & Means.

SB 6450 in other sessions

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

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