Bill Text | History of Actions | Background | Title |
Description: City of Laurel; may provide for additional annual payment to certain members of fire/police retirement system.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 03/25 (H) Referred To Local and Private Legislation | |
| 2 | 03/27 (H) Title Suff Do Pass Comm Sub | |
| 3 | 03/28 (H) Committee Substitute Adopted | |
| 4 | 03/28 (H) Passed | |
| 5 | 03/29 (H) Transmitted To Senate | |
| 6 | 03/29 (S) Referred To Local and Private | |
| 7 | 03/31 (S) Title Suff Do Pass | |
| 8 | 04/01 (S) Passed | |
| 9 | 04/01 (S) Transmitted To House | |
| 10 | 04/02 (H) Enrolled Bill Signed | |
| 11 | 04/02 (S) Enrolled Bill Signed | |
| 12 | 04/19 Approved by Governor |
| Effective date | July 1, 2003 | |
| Disposition | Law | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 949 |
House Committee:
Senate Committee:
Principal Author: Shows
Title: AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF LAUREL, MISSISSIPPI, TO ESTABLISH THE PAYMENT OF AN ADDITIONAL PAYMENT EACH YEAR TO RETIRED MEMBERS OF THE CITY OF LAUREL FIRE AND POLICE DISABILITY AND RELIEF FUND WHO ARE AGE 60 OR OLDER AND BENEFICIARIES THEREOF; TO PROVIDE THAT THE AMOUNT OF THE ADDITIONAL PAYMENT WILL BE EQUAL TO TWO PERCENT COMPOUNDED BY THE NUMBER OF FULL FISCAL YEARS THAT THE RETIRED MEMBER OR BENEFICIARY HAS ACTUALLY DRAWN RETIREMENT BENEFITS, MULTIPLIED BY THE AMOUNT OF THE ANNUAL RETIREMENT ALLOWANCE, NOT TO EXCEED A TOTAL OF THREE YEARS; TO PROVIDE THAT PAYMENT OF THE ADDITIONAL PAYMENTS MAY NOT BE ESTABLISHED UNLESS THE DISABILITY AND RELIEF FUND CURRENTLY IS ACTUARIALLY SOUND AND WILL REMAIN ACTUARIALLY SOUND IF THE ADDITIONAL PAYMENTS ARE MADE; AND FOR RELATED PURPOSES.
End Of Document
2003/html/History/HB/HB1656.htm