Summary of the Truly Agreed Version of the Bill

SB 316 -- SCHOOL RETIREMENT SYSTEMS

This bill directs the 4 retirement systems serving teacher and
nonteacher employees of public schools to promulgate joint rules
for the recognition of service toward retirement eligibility
under any of the systems.  The rules must not permit transfer of
creditable service or system assets, must be filed with the
Joint Committee on Public Employee Retirement at least 30 days
before any retirement system board meeting at which rules are
voted upon, and must be approved by a majority of trustees of
each board.


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Last Updated November 26, 2001 at 11:47 am