Higher educational institutions; maintenance of optional retirement plan. (SB79)

Introduced By

Sen. Frank Ruff (R-Clarksville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Optional retirement plan maintained by institution of higher education; withdrawal of contributions before retirement. Allows the governing board of an institution of higher education to establish a policy regarding the number of years of creditable service that an employee must have before being eligible for an unreduced refund of his accumulated contributions if he ceases to be an employee other than by death or retirement. The policy would only apply to employees hired on or after July 1, 2014. Read the Bill »


Bill Has Passed


12/20/2013Prefiled and ordered printed; offered 01/08/14 14100513D
12/20/2013Referred to Committee on Finance
01/13/2014Impact statement from DPB (SB79)
01/14/2014Reported from Finance with substitute (15-Y 0-N) (see vote tally)
01/14/2014Committee substitute printed 14103870D-S1
01/15/2014Constitutional reading dispensed (38-Y 0-N)
01/16/2014Read second time
01/16/2014Reading of substitute waived
01/16/2014Committee substitute agreed to 14103870D-S1
01/16/2014Engrossed by Senate - committee substitute SB79S1
01/17/2014Read third time and passed Senate (38-Y 0-N)
01/22/2014Impact statement from DPB (SB79S1)
01/23/2014Placed on Calendar
01/23/2014Read first time
01/23/2014Referred to Committee on Appropriations
01/23/2014Impact statement from DPB (SB79S1)
02/24/2014Reported from Appropriations (22-Y 0-N) (see vote tally)
02/26/2014Read second time
02/27/2014Read third time
02/27/2014Passed House BLOCK VOTE (99-Y 0-N)
02/27/2014VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/03/2014Bill text as passed Senate and House (SB79ER)
03/03/2014Signed by Speaker
03/06/2014Signed by President
03/07/2014Impact statement from DPB (SB79ER)
04/07/2014G Approved by Governor-Chapter 745 (effective 7/1/14)
04/07/2014G Acts of Assembly Chapter text (CHAP0745)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 35 seconds.