The House of Delegates quickly got to work in the First Special Session of 2008, passing 4 bills including the Teachers’ Pension merger bill.
House Bill 101 would provide for the voluntary transfer of assets from the Teachers’ Defined Contribution Retirement System (“TDC”) to the State Teachers Retirement System (“TRS”).
Three other bills were passed which included: House Bill 102, which would establish boards of governors for independent community and technical colleges; House Bill 103, which would provide a one-time bonus payment to certain annuitants of the Public Employees Retirement System and the State Teachers Retirement System; and House Bill 104, which would require notice to the Governor, Secretary of the Department of Administration and the Legislature upon commencement of actions on behalf of the state. All of these bill now go to the Senate for its consideration.
The House is in recess until 6:30 p.m.
