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HB0130 • 2015

Firemen''s pension account-benefit adjustment.

AN ACT relating to public pensions; amending benefit computations from the paid firemen's pension account as specified; creating accounts for contributions of members with more than twenty-five years of service credit; providing for distributions from the account; providing applicability; and providing for an effective date.

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Burkhart
Last action
2015-03-03
Official status
inactive
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0130HW001

Committee of the Whole • Burkhart

Adopted

Plain English: Adopted Committee of the Whole by Burkhart

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2015-03-03 Senate

    S Did Not Consider for Introduction

  2. 2015-02-05 Senate

    S Received for Introduction

  3. 2015-02-04 House

    H 3rd Reading:Passed 48-11-1-0-0

  4. 2015-02-03 House

    H 2nd Reading:Passed

  5. 2015-02-02 House

    H COW:Passed

  6. 2015-02-02 House

    Amendment Adopted

  7. 2015-01-29 House

    H Placed on General File

  8. 2015-01-29 House

    Appropriations:Recommend Do Pass 5-2-0-0-0

  9. 2015-01-28 House

    H COW:Rerefer to H02 - Appropriations

  10. 2015-01-28 House

    H Placed on General File

  11. 2015-01-28 House

    Minerals:Recommend Do Pass 7-2-0-0-0

  12. 2015-01-23 House

    H Introduced and Referred to H09 - Minerals

  13. 2015-01-20 House

    H Received for Introduction

  14. 2015-01-16 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
2015
STATE OF WYOMING
15LSO-0310
ENGROSSED
3.1

HOUSE BILL

NO.
HB0130

Firemen's pension account-benefit adjustment.

Sponsored by:
Representative(s) Burkhart and Senator(s) Bebout

A BILL

for

AN ACT relating to public pensions; amending benefit computations from the paid firemen's pension account as specified; creating accounts for contributions of members with more than twenty-five years of service credit; providing for distributions from the account; providing applicability; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.
S. 15
‑
5
‑
409
by creating a new subsection (d)
is
amended to read:

15
‑
5
‑
409
.

Amount of service pension.

(d)

Contributions made by a member pursuant to W.S. 15
‑
5
‑
420 after the member
'
s first twenty
‑
five (25) years of credited service shall be credited to an account established for the member. Funds in a member
'
s account under this section shall be invested as other funds of the retirement system. Interest on funds in a member
'
s account shall be credited to the member
'
s account. Contributions made by an employer under W.S. 15
‑
5
‑
421 for a member after the member
'
s first twenty
‑
five (25) years of service, shall be credited to the member
'
s account established under this subsection. Upon retirement or termination, a member may withdraw funds within his account under this subsection in a lump sum or may receive monthly payments for a period not to exceed five (5) years in an amount determined by the Wyoming retirement board. Upon the member
'
s death, the member
'
s primary survivor shall receive the funds in the member
'
s account under this subsection in the month following the month in which the member dies.

Section 2
.

This act applies to all active and inactive members of the firemen
'
s pension account established by W.S. 15
‑
5
‑
202, and all members who
join
the
account after the effective
date of this act. This act shall
not apply to retired members of the account.

Section
3
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

1
HB0130