Delaware Senate Bill 143 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 31 2019 - 100% progression
Action: 2019-07-31 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

The Plans Management Board (the Board) oversees and administers the State's Deferred Compensation Program authorized under chapter 60A of Title 29 of the Delaware Code. The Deferred Compensation Program encompasses the following 3 distinct supplemental retirement plans authorized under the Internal Revenue Code: the State's deferred compensation plan under 26 U.S.C. § 457(b); the State's tax-sheltered annuity plan for certain education employees under § 403(b); and the States employer match plan under 26 U.S.C. § 401(a). The Board also oversees and administers the States College Investment Plan under 26 U.S.C. § 529, authorized by Subchapter XII, Chapter 34 of Title 14 of the Delaware Code, and the States Achieving a Better Life Experience (ABLE) Program, authorized by Chapter 96A of Title 16 of the Delaware Code. None of these plans is subject to the Employee Retirement Income Security Act of 1974 (ERISA).

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

Sen. Charles Paradee [D]

Rep. Krista Griffith [D]

2019-06-26 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2019-06-13 - Senate - Senate Third Reading (Y: 19 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2019-07-31		Signed by Governor
2019-06-26		Passed By House. Votes: 41 YES
2019-06-19		Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 7 On Its Merits
2019-06-14		Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
2019-06-13		Passed By Senate. Votes: 19 YES 2 ABSENT
2019-06-13		Amendment SA 2 to SB 143 - Defeated By Senate. Votes: 8 YES 11 NO 2 ABSENT
2019-06-13		Amendment SA 1 to SB 143 - Defeated By Senate. Votes: 8 YES 11 NO 2 ABSENT
2019-06-12		Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 2 On Its Merits
2019-06-10		Introduced and Assigned to Banking, Business & Insurance Committee in Senate

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=47637
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=47637&legislationTypeId=1&docTypeId=2&legislationName=SB143
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#40922
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#41144