SB 526 — Public employees' retirement: final compensation.
Last action — Returned to Secretary of Senate pursuant to Joint Rule 56.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 2011-2012 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
The Public Employees' Retirement Law (PERL) creates the Public Employees' Retirement System, which provides a defined benefit to its members based on age at retirement, service credit, and final compensation. PERL defines "final compensation" for purposes of calculating a member's retirement allowance. The State Teachers' Retirement Law (STRL) , the Judges' Retirement System II Law, and the County Employees Retirement Law of 1937 also provide for a defined benefit based on age at retirement, service credit, and final compensation. This bill, for persons first hired on and after January 1, 2012, for the purpose of determining any pension or benefit with respect to a public entity defined benefit retirement system, would require that final compensation means the highest annual average compensation earnable by the person during a consecutive 36-month period of membership, as specified. The bill would prohibit the inclusion of credit for accrued leave of any form or credit for overtime work in the calculation of final compensation, as specified.
Bill Text
- Amended 03/21/11 - Amended Senate Current pdf March 21, 2011
- Introduced 02/17/11 - Introduced pdf February 17, 2011
- SB526 View text html
Action History
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Returned to Secretary of Senate pursuant to Joint Rule 56.
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Set, first hearing. Hearing canceled at the request of author.
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Set for hearing May 2.
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Re-referred to Com. on P.E. & R.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
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Referred to Com. on RLS.
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From printer. May be acted upon on or after March 20.
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Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sponsors
- Runner · Cosponsor
- Dutton · Cosponsor
- Garrick · Cosponsor
- Shannon Grove · Cosponsor
- Harkey · Cosponsor
- Jeffries · Cosponsor
- Mansoor · Cosponsor
- Silva · Cosponsor
- Walters · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 8 co-sponsors · 113 not signed on
Sponsors (1)
- Walters
Co-sponsors (8)
- Runner
- Dutton
- Garrick
- Grove, Shannon Republican
- Harkey
- Jeffries
- Mansoor
- Silva
Not signed on (113)
113 members have not signed on to this bill.
Show all 113 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 526 do?
- The Public Employees' Retirement Law (PERL) creates the Public Employees' Retirement System, which provides a defined benefit to its members based on age at retirement, service credit, and final compensation. PERL defines "final compensation" for purposes of calculating a member's retirement allowance. The State Teachers' Retirement Law (STRL) , the Judges' Retirement System II Law, and the County Employees Retirement Law of 1937 also provide for a defined benefit based on age at retirement, service credit, and final compensation. This bill, for persons first hired on and after January 1, 2012, for the purpose of determining any pension or benefit with respect to a public entity defined benefit retirement system, would require that final compensation means the highest annual average compensation earnable by the person during a consecutive 36-month period of membership, as specified. The bill would prohibit the inclusion of credit for accrued leave of any form or credit for overtime work in the calculation of final compensation, as specified.
- Who sponsors SB 526?
- SB 526 is sponsored by Runner, Dutton, Garrick, Grove, Shannon (Republican), Harkey, Jeffries, Mansoor, Silva, and Walters.
- What is the current status of SB 526?
- This bill died with 2011-2012 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 526?
- Track SB 526 free on One Click Politics — get push/email alerts when it moves.
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