BILL · 2009–10 SESSION

SB 6045: Retirement system proposal

Requiring the submission of a proposal for developing a defined contribution retirement system for public employees, teachers, and school employees.

Summary

  • The Office of the State Actuary (OSA), with assistance of the Department of Retirement Systems, must develop a proposal for a new defined contribution plan for public employees. The plan would replace the PERS, TRS, and SERS Plans 2 and 3 for all employees first hired in an eligible position after December 31, 2011.

From the Senate Bill Report (Orig.) (SB 6045), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 18, 2009
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Joseph Zarelli (R-18)
Introduced
February 18, 2009 in the Senate
Last action
March 15, 2010
Budget
Has a fiscal note

AN ACT Relating to developing a defined contribution retirement system for public employees, teachers, and school employees;

Sponsors

Prime sponsor: Joseph Zarelli (R-18)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Ways & Means.

SB 6045 in other sessions

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

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