BILL · 2017–18 SESSION

SB 5495: State retirement plans

Addressing membership in state retirement plans prior to attaining the normal retirement age in another plan.

Summary

  • Removes the estoppel rule prohibition on members eligible, but not receiving, early retirement benefits from certain public retirement systems from joining a subsequent retirement plan.
  • Limits the prohibition to members receiving or eligible to receive normal, or unreduced retirement benefits based on more than 15 years of service credit.

From the Senate Bill Report (Orig.) (SB 5495), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 2017
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (D-22)
Introduced
January 26, 2017 in the Senate
Last action
January 8, 2018
Budget
Has a fiscal note

AN ACT Relating to membership in state retirement plans prior to attaining the normal retirement age in another plan;

Sponsors

Prime sponsor: Senator (D-22)

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. First reading, referred to Ways & Means.

SB 5495 in other sessions

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

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