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House Bill 1235


House Bill 1235

ARCHIVE (2005)

Latest Information

 

DIGEST OF HB1235 (Updated February 28, 2005 8:05 pm - DI 84)


Reemployment of PERF and TRF members. Increases the exempt amount (the annual amount a retired member of the public employees' retirement fund or the teachers' retirement fund who has not attained the Social Security normal retirement age may earn in a covered position before the member's retirement benefit stops and the member must again make contributions to the member's retirement fund) from $25,000 to $35,000. Provides that interest credited prior to July 1, 2005, in the annuity savings account of the public employees' retirement fund to suspended members participating in its guaranteed fund shall be treated as properly credited.
Current Status:
 Passed 2nd reading - first House
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