HJ 20 Constitutional amendment; governmental employees retirement system.
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Summary:
Constitutional amendment; governmental employees retirement system (first resolution). Requires the General Assembly to maintain a retirement system for state employees and employees of participating political subdivisions and school divisions. The funds of the retirement system shall be deemed separate and independent trust funds, shall be segregated from all other funds of the Commonwealth, and shall be invested and administered solely in the interests of the members and beneficiaries thereof. Neither the General Assembly nor any public officer, employee, or agency shall use or authorize the use of such trust funds for any purpose other than as provided in law for benefits, refunds, and administrative expenses, including but not limited to legislative oversight of the retirement system. The proposed amendment permits the investment of trust funds as authorized by law and subjects the retirement system to restrictions, terms, and conditions as may be prescribed by the General Assembly. In contrast to the current constitutional provision, the proposed amendment clearly establishes that the funds of the retirement system are held in trust for members and beneficiaries and, as such, cannot be appropriated, loaned, diverted, or in any way used by the General Assembly or specified others.

Full text:
01/14/94  House: Presented & ordered printed LD7912174  pdf
01/30/95  House: Introduced bill reprinted LD7917124  pdf
02/04/95  House: Printed as engrossed LD7917124-E  pdf
03/13/95  House: Bill text as passed House and Senate (HJ20ER)  pdf
04/04/95  Governor: Acts of Assembly Chapter text (CHAP0704)  pdf

Amendments:
House amendments

Status:
01/14/94  House: Presented & ordered printed LD7912174
01/14/94  House: Referred to Committee on Privileges and Elections
01/26/94  House: Reported from P. & E. w/amendment (22-Y 0-N)
01/28/94  House: Rereferred to Privileges and Elections
02/02/94  House: Continued to 1995 in P. & E. (21-Y 0-N)
11/17/94  House: Reported from Privileges and Elections (18-Y 0-N)
11/17/94  House: Referred to Committee on Appropriations
01/30/95  House: Reported from Appropriations with amd. (20-Y 0-N)
01/30/95  House: Introduced bill reprinted LD7917124
02/01/95  House: Passed by for the day
02/02/95  House: Passed by for the day
02/03/95  House: Passed by for the day
02/04/95  House: Committee amendment agreed to
02/04/95  House: Engrossed by House as amended
02/04/95  House: Printed as engrossed LD7917124-E
02/04/95  House: Agreed to by House (100-Y 0-N)
02/04/95  House: VOTE: ADOPTION (100-Y 0-N)
02/04/95  House: Communicated to Senate
02/06/95  Senate: Read first time
02/06/95  Senate: Referred to Committee on Privileges and Elections
02/14/95  Senate: Reported from Privileges and Elections (13-Y 0-N)
02/15/95  Senate: Rules suspended (40-Y 0-N)
02/15/95  Senate: VOTE: SUSPEND THE RULES (40-Y 0-N)
02/15/95  Senate: Reading waived
02/16/95  Senate: Passed by for the day
02/17/95  Senate: Passed by for the day
02/21/95  Senate: Passed by for the day
02/22/95  Senate: Read third time and agreed to by Senate (37-Y 1-N)
02/22/95  Senate: VOTE: PASSAGE (37-Y 1-N)
02/22/95  Senate: Rec. of Sen. passage agreed to by Senate (39-Y 1-N)
02/22/95  Senate: VOTE: RECONSIDER (39-Y 1-N)
02/22/95  Senate: Agreed to by Senate (40-Y 0-N)
02/22/95  Senate: VOTE: PASSAGE (40-Y 0-N)
03/13/95  House: Bill text as passed House and Senate (HJ20ER)
03/13/95  House: Signed by Speaker
03/14/95  Senate: Signed by President
04/03/95  House: Assigned Chapter 704 (effective 7/1/95)
04/04/95  Governor: Acts of Assembly Chapter text (CHAP0704)