Summary of the Introduced Bill

HB 674 -- Legislators' Retirement

Sponsor:  Hagan-Harrell

Under current law, a legislator's retirement annuity is based on
the number of biennial assemblies.  This bill changes the basis
to the years of service.

Effective August 28, 2001, the bill makes former members of the
General Assembly who served at least 2 full terms and had no
creditable service for the same period in another system special
consultants on the problems related to retirement.  As
compensation for consulting duties, the former member will be
entitled to retire with a normal annuity effective the first of
the month following application.  In no event will retroactive
benefits be paid.


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Last Updated September 13, 2001 at 2:03 pm