BILL · 2011–12 SESSION

HB 1262: Annuities & retirement plans

Addressing public employees' annuities and retirement plans.

Summary

  • Limits the employees to which state institutions of higher education may offer the Higher Education Retirement Plan (HERP), instead of the Public Employees’ Retirement System(PERS) Plans 2 or 3, to faculty and senior academic administrator employees.
  • Eliminates the HERP Supplemental Benefit to employees that enter the plan after the effective date of the act.
  • Replaces the defunct Public Pension Commission with the Select Committee on Pension Policy on the committees responsible for overseeing the HERPs.
  • Creates a presumption that retirees that return to work for their previous employers fewer than three months after his or her accrual date did not separate from service.
  • Applies the PERS post-retirement employment rules to positions covered by the HERPs.

From the House Bill Analysis 2011 (HB 1262), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 18, 2011
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Barbara Bailey (R-10)
Introduced
January 18, 2011 in the House
Last action
April 11, 2012
Requested by
Other
Companion bill
SB 5162
Budget
Has a fiscal note

AN ACT Relating to public employees' annuities and retirement plans;

Sponsors

Prime sponsor: Barbara Bailey (R-10)

1 co-sponsor (1 Democrat, 0 Republicans)

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. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Ways & Means.

HB 1262 in other sessions

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

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