Bill Summary

by Caldwell Co Sponsors: Artiles, Baxley, Perry, Peters, Rogers CS Sponsors: State Affairs Committee, Appropriations Committee

Public Employees: Authorizes renewed membership in retirement system for certain retirees who are reemployed in position eligible for Elected Officers' Class; provides for renewed membership in retirement system for certain retirees of Senior Management Service Optional Annuity Program who are reemployed on or after specified date; requires that certain retirees who are reemployed on or after specified date be renewed members in investment plan; provides vesting requirements; prohibits renewed member from receiving specified disability benefits; requires employer & retiree to make applicable contributions to renewed member's investment plan account; prohibits participation in pension plan; provides that retiree reemployed on or after specified date in regularly established position eligible for State University System Optional Retirement Program or State Community College System Optional Retirement Program is renewed member of that program; authorizes payment of death benefits to surviving spouse or surviving children of member in investment plan; authorizes state board & department to adopt rules; adjusts employer contribution rates in order to fund changes made by act; provides directive to the Division of Law Revision & Information; provides appropriation. Effective Date: July 1, 2016

   H Appropriations Committee