Delaware House Bill 148 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 13-6)
Status: Passed on July 30 2014 - 100% progression
Action: 2014-07-30 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]

This bill would direct the Office of the State Treasurer to add a Roth option to state sponsored 403(b) and 457(b) savings plans that are offered to eligible teachers and state employees. This bill would not require the state to contribute any additional funds into the retirement plans. The Roth option has been proven to be a more tax-friendly way to save for most individual investors than the traditional, non-Roth, tax-deferred method of saving that is currently offered in state sponsored retirement plans. The change is a simple administrative change. The majority of states have already moved forward to add the Roth option to their plans. It only seems fitting that the state that was so honorably served by William V. Roth, Jr. should offer a Roth option to its employees.

An Act To Amend Title 29 Of The Delaware Code Relating To Retirement Plans.

Sen. Charles Paradee [D]	Sen. Bruce Ennis [D]	Rep. Paul Baumbach [D]	Rep. Andria Bennett [D]
Rep. Ruth Briggs King [R]	Rep. Ruth Briggs King [R]	Rep. William Carson [D]	Rep. Ronald Gray [R]
Rep. Debra Heffernan [D]	Rep. Helene Keeley [D]	Rep. Valerie Longhurst [D]	Rep. John Mitchell [D]
Rep. Charles Potter [D]	Rep. Bryon Short [D]	Rep. Jeffrey Spiegelman [R]	Sen. Colin Bonini [R]
Sen. Margaret Henry [D]	Sen. Gerald Hocker [R]	Sen. David Sokola [D]

2014-06-26 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2014-06-25 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2013-06-11 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-07-30	Senate	Signed by Governor
2014-06-26	House	Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-06-25	Senate	Passed by Senate. Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2014-06-25	Senate	Amendment SA 1 - Passed by Senate. Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2014-06-24	Senate	Amendment SA 1 - Introduced and Placed With the Bill in Senate
2013-06-20	Senate	Reported Out of Committee (FINANCE) in Senate with 5 On Its Merits
2013-06-12	Senate	Assigned to Finance Committee in Senate
2013-06-11	House	Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2013-06-11	House	Amendment HA 1 - Passed in House by Voice Vote
2013-06-11	House	Amendment HA 1 - Introduced and Placed With Bill
2013-06-05	House	Reported Out of Committee (HOUSE ADMINISTRATION) in House with 4 On Its Merits
2013-05-16	House	Introduced and Assigned to House Administration Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis147.nsf/2bede841c6272c888025698400433a04/5ff4e8f58846553785257b5e0070d52d?OpenDocument
Text	http://legis.delaware.gov/LIS/lis147.nsf/vwLegislation/HB+148/$file/legis.html?open
Text	http://legis.delaware.gov/LIS/lis147.nsf/EngrossmentsforLookup/HB+148/$file/Engross.html?open
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/bd3519aabef20cfe85257b8700797cf2?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/67b530f6a3526bd085257d0200729d2c?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/61c0b68adb328aa585257d0300767e51?OpenDocument