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Senate Bill 0233


Senate Bill 0233

ARCHIVE (2002)

Latest Information

 

DIGEST OF SB233 (Updated February 26, 2002 7:30 PM - DI 84)


TRF membership and contributions. Requires the state teachers' retirement fund (TRF) board to assign certain members to TRF's pre-1996 and 1996 accounts. Requires the TRF board to credit member and employer contributions for members assigned to the pre-1996 account to the pre- 1996 account. Requires the TRF board to credit member and employer contributions for members assigned to the1996 account to the1996 account. Provides that an employer contribution rate for the 1996 account that exceeds 9% may not exceed the rate approved by the budget agency after review by the budget committee.
    Current Status:
     Vetoed
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