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2013 Senate Bill 5392: Limiting the impact of excess compensation on state retirement system contribution rates
Introduced by Sen. Barbara Bailey (Oak Harbor) (R) on January 29, 2013
Expands the definition of “excess compensation” for the purposes of state retirement system contribution rates to include payments in which the portion of total reportable compensation in the salary averaging period used in the calculation of the employee's retirement allowance that, due to reportable compensation from overtime, bonuses, cash outs of any form of leave, or lump sum payments, exceeds one and one-half times the employee's total reportable compensation in the immediately preceding service creditable time period of equivalent length.   Official Text and Analysis.
Referred to the Senate Ways & Means Committee on January 29, 2013
Referred to the Senate Rules Committee on March 1, 2013