WV SB642 | 2008 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 11 2008 - 25% progression, died in committee
Action: 2008-02-11 - To Pensions
Pending: Senate Pensions Committee
Status: Introduced on February 11 2008 - 25% progression, died in committee
Action: 2008-02-11 - To Pensions
Pending: Senate Pensions Committee
Summary
The purpose of this bill is to provide for the voluntary transfer of assets from the Teachers' Defined Contribution Retirement System ("TDC") to the State Teachers Retirement System ("TRS"); to provide an election on the question of actively contributing members of the TDC voluntarily transferring assets to the TRS; requiring seventy percent of actively contributing members of the TDC to vote in the affirmative; to permit the voluntary transfer of assets upon affirmative vote; providing for transferring members to receive service credit in TRS for an amount equal to seventy-five percent of the members' service credit to the TDC; and providing transferring members the option to receive full credit in TRS by paying the Actuarial Reserve.
Title
Allowing transfer of assets from Teachers' Defined Contribution Retirement System to State Teachers Retirement System
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2008-02-11 | To Pensions | |
| 2008-02-11 | To Pensions then Finance | |
| 2008-02-11 | Introduced in Senate | |
| 2008-02-11 | To Pensions then Finance | |
| 2008-02-11 | Filed for introduction |
Same As/Similar To
HB4496 (Same As) 2010-03-04 - To Judiciary
Subjects
West Virginia State Sources
| Type | Source |
|---|---|
| Summary | http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=642&year=2008&sessiontype=RS&btype=bill |
