2008 Regular Session


File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 1063
Sponsored By:
Senators McFadden, DeGrange, Edwards, King, Madaleno, Munson, Robey, and Stone
Correctional Officers' Retirement System - Service Retirement Allowance


Increasing the member contribution rate from 5% to 6% for members of the Correctional Officers' Retirement System; and increasing the accrual rate from 1.8% to 2.4% for computing the retirement allowance of members of the Correctional Officers' Retirement System.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Budget and Taxation
Hearing 3/10 at 3:00 p.m.
House Action
No Action

Sponsored by:

Senator Nathaniel J. McFadden, District 45
Senator James E. DeGrange, Sr., District 32
Senator George C. Edwards, District 1
Senator Nancy J. King, District 39
Senator Richard S. Madaleno, Jr., District 18
Senator Donald F. Munson, District 2
Senator James N. Robey, District 13
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Correctional Officers
Retirement Systems -see also- Mandatory Retirement

Bill affects the following Statutes:

State Personnel and Pensions
( 25-203 , 25-401 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered