Introduced
by
To allow a public school pension system member to name a second spouse as his or her beneficiary if a first spouse predeceases him or her, and allow naming a spouse as beneficiary if the marriage occurs after the start of the pension. The benefit payments would be lowered to be the actuarial equivalent of the amount the person would get under a straight retirement benefit with no additional payments to be made upon his or her death.
Referred to the Committee on Education
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that also would allow individuals performing out-of-system public education service, and members of the State Employees' Retirement System (as well as members of the Public School Employees Retirement System, as is currently provided), to purchase up to five years of service "credits" (which increase the person's pension benefits) for time missed because of maternity, paternity, or child rearing. The bill would replace the term "maternity, paternity or child rearing" with "parental leave".
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To allow a public school pension system member to name a second spouse as his or her beneficiary if a first spouse predeceases him or her, and allow naming a spouse as beneficiary if the marriage occurs after the start of the pension. The benefit payments would be lowered to be the actuarial equivalent of the amount the person would get under a straight retirement benefit with no additional payments to be made upon his or her death. Also, to allow individuals performing out-of-system public education service, and members of the State Employees' Retirement System (as well as members of the Public School Employees Retirement System, as is currently provided), to purchase up to five years of service "credits" (which increase the person's pension benefits) for time missed because of maternity, paternity, or child rearing.
Referred to the Committee on Education
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one that reinserts the proposed expansion of the provision related to employees purchasing "service credit" for time away from work for childrearing (which increases postretirement pension benefits).
The substitute passed by voice vote
Motion to reconsider
by
The vote by which the House adopted the substitute (H-1) offered previously by Rep. Palmer.
The motion passed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that does not expand the provision related to employees purchasing "service credit" for time away from work for childrearing (which increases postretirement pension benefits).
The substitute failed by voice vote
Passed in the House 104 to 2 (details)
To allow a public school pension system member to name a second spouse as his or her beneficiary if a first spouse predeceases him or her, and allow naming a spouse as beneficiary if the marriage occurs after the start of the pension. The benefit payments would be lowered to be the actuarial equivalent of the amount the person would get under a straight retirement benefit with no additional payments to be made upon his or her death. Also, to allow individuals performing out-of-system public education service, and members of the State Employees' Retirement System (as well as members of the Public School Employees Retirement System, as is currently provided), to purchase up to five years of service "credits" (which increase the person's pension benefits) for time missed because of maternity, paternity, or child rearing.
