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2007 Regular Session
Overview
At the request of:
Chief Sponsors: Representative Komp
Regular Sponsors: Representative Hunt(Presession Filed)
Bill Title: Relating to rollover contributions.
Catchline/Summary: Allows Public Employees Retirement Board to accept rollover contributions from retired member solely for purpose of paying amounts claimed by board as overpayments or other improperly made payments.
Allows beneficiary, by reason of death of member, to have distribution of death benefit paid as eligible rollover distribution to individual retirement plan or individual retirement annuity. Allows beneficiary, by reason of death of state employee participating in deferred compensation plan, to have distribution of deferred compensation benefit paid as eligible rollover distribution to individual retirement plan or individual retirement annuity. Allows certain members of Public Employees Retirement System who participate in deferred compensation plan to request, within 60 days of effective date of Act, that payment of all or part of deferred amount be paid to Public Employees Retirement Board for purpose of restoring forfeited creditable service or credit for probationary period of employment.
Fiscal Impact: Has Minimal Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Measure History
Current Status
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