BILL · 2011–12 SESSION

SB 6543: Pension benefits/overtime

Addressing the use of overtime when calculating pension benefits.

Summary

  • Overtime payments are excluded from reportable compensation for the purpose of determining the retirement allowance of members of state-administered retirement plans who first establish membership on or after July 1, 2012. The benefits of members who establish membership before July 1, 2012, are not affected.

From the Senate Bill Report (Orig.) (SB 6543), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 30, 2012
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Rodney Tom (D-48)
Introduced
January 30, 2012 in the Senate
Last action
April 11, 2012
Budget
Has a fiscal note

AN ACT Relating to the use of overtime when calculating pension benefits;

Sponsors

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 6543 in other sessions

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

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