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HB 979, 65th R.S.

Relating to an increase in monthly benefits payable by the Teacher Retirement System to certain annuitants; creating a new benefit reserve account to hold funds for postretirement benefit adjustments allowed after January 31,1975; providing for the accrual of interest on benefit reserve account assets; authorizing an appropriation to fund the increase in monthly benefits; conditioning such increase on that appropriation.

Last action: Referred to Committee on State Affairs

Author: James E. Nugent

Remarks: Postponed to 9:30 Tuesday - May 10.

Companion:

SB 550 (Identical)

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Retirement Systems--Teachers

House Committee: Public Education ()
Senate Committee: State Affairs ()

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