BILL · 2013–14 SESSION

HB 2408: PERS, SERS, TRS contrib rate

Removing the statutory provision that allows members of plan 3 of the public employees' retirement system, school employees' retirement system, and teachers' retirement system to select a new contribution rate option each year.

Summary

  • Removes the option of Plan 3 members of the Public Employees' Retirement System (PERS), the Teachers' Retirement System (TRS), and the School Employees' Retirement System (SERS) to select a new contribution rate option each year for their individual defined contribution accounts.

From the House Bill Report (HB 2408), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 16, 2014
  2. Out of committeeFeb 3, 2014
  3. Passed HouseFeb 13, 2014
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Timm Ormsby (D-3)
Introduced
January 16, 2014 in the House
Last action
March 13, 2014
Requested by
Other
Companion bill
SB 6321
Budget
Has a fiscal note

AN ACT Relating to removing the statutory provision that allows members of plan 3 of the public employees' retirement system, school employees' retirement system, and teachers' retirement system to select a new contribution rate option each year;

Sponsors

Prime sponsor: Timm Ormsby (D-3)

3 co-sponsors (1 Democrat, 2 Republicans)

Votes

House · Final Passage

Passed February 13, 2014
Version voted on: HB 2408
94 Yea 3 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat51301
Republican43000
How each member voted

Yea (94)

Excused (1)

History

  1. By resolution, returned to House Rules Committee for third reading.
  2. WM - Majority; do pass.
  3. Passed to Rules Committee for second reading.
  4. First reading, referred to Ways & Means.
  5. Third reading, passed; yeas, 94; nays, 3; absent, 0; excused, 1.
  6. Rules suspended. Placed on Third Reading.
  7. Placed on second reading by Rules Committee.
  8. Passed to Rules Committee for second reading.
  9. APP - Executive action taken by committee.
  10. APP - Majority; do pass.
  11. First reading, referred to Appropriations (Not Officially read and referred until adoption of Introduction report).

HB 2408 in other sessions

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

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