Raised S.B. No. 267
Session Year 2016
 


AN ACT MAKING CHANGES TO THE TEACHERS' RETIREMENT SYSTEM CONCERNING RETENTION OF THE PLAN D COPARTICIPANT OPTION AFTER DIVORCE, CREDITING INTEREST ON CERTAIN INACTIVE, NONVESTED MEMBERS, REEMPLOYMENT OF RETIRED TEACHERS AND ELIMINATING CERTAIN OBSOLETE LANGUAGE.

To permit a member of the teachers' retirement system to retain the coparticipant designation and the coparticipant option elected at the time of retirement after a subsequent divorce, cease crediting interest on unclaimed contributions for inactive, nonvested members of the teachers' retirement system and eliminate obsolete language concerning the pension reserve account.

Introduced by:
Appropriations Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 5/26/2016Signed by the Governor
 5/18/2016Transmitted by Secretary of the State to Governor
 5/18/2016Transmitted to the Secretary of State
 5/16/2016(LCO)Public Act 16-91
 5/3/2016In Concurrence
 5/3/2016House Passed as Amended by Senate Amendment Schedule A
 5/3/2016House Adopted Senate Amendment Schedule A
 4/30/2016House Calendar Number 529
 4/30/2016Favorable Report, Tabled for the Calendar, House
 4/28/2016On Consent Calendar
 4/28/2016Senate Passed as Amended by Senate Amendment Schedule A
 4/28/2016Senate Adopted Senate Amendment Schedule A 5344
 4/21/2016(LCO)File Number 689
 4/21/2016Senate Calendar Number 438
 4/21/2016Favorable Report, Tabled for the Calendar, Senate
 4/21/2016(LCO)Reported Out of Legislative Commissioners' Office
 4/15/2016(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/20/16 5:00 PM
 4/7/2016(LCO)Filed with Legislative Commissioners' Office
 4/7/2016(APP)Joint Favorable
 2/26/2016Public Hearing 03/04
 2/25/2016Referred to Joint Committee on Appropriations

Co-sponsors of SB-267

Rep. David A. Baram, 15th Dist.
Rep. Prasad Srinivasan, 31st Dist.
Sen. Eric D. Coleman, 2nd Dist.
Sen. Joseph J. Crisco, 17th Dist.
Sen. Steve Cassano, 4th Dist.
Sen. Marilyn Moore, 22nd Dist.

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