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House Bill 1587


House Bill 1587

ARCHIVE (2009)

Latest Information

 

DIGEST OF INTRODUCED BILL


PERF and TRF investment option changes. Permits members of the teachers' retirement fund (TRF) and the public employees' retirement fund (PERF) to change investment selections once each day, with the change being effective on the next business day after the fund receives the change notice. Establishes the market valuation date of a member's investment as of five business days before the date of the member's distribution or annuitization at retirement, disability, or suspension and withdrawal. Codifies a noncode provision that permits members of the legislator's retirement system to change investment selections once each day. Repeals the noncode provision.
Current Status:
 In Committee - first House
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