A 3289
Requires spousal consent to election of certain pension payout options under TPAF, JRS, and PERS.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires spousal consent before a member of the Teachers’ Pension and Annuity Fund (TPAF), Judicial Retirement System (JRS), or Public Employees’ Retirement System (PERS) can elect certain pension payout options. Specifically, it mandates that if a payout option provides a benefit to the spouse that is less than half of the member’s retirement allowance, the member must obtain written consent from their spouse before the election takes effect. The bill also outlines procedures for notifying the spouse of the election and ensures the consent is properly documented.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.