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DE SB88

Bill

Official Source

Status

Engrossed

6/21/2011

Primary Sponsor

Colin Bonini

Click for details

Origin

Senate

146th General Assembly

AI Summary

  • Adds Section 6062 to Chapter 60A, Title 29 of the Delaware Code to establish hardship distribution provisions for deferred compensation
  • Permits employees with college loans in default to claim an immediate and heavy financial need for purposes of obtaining a hardship distribution
  • Allows hardship distributions from the deferred compensation program specifically to pay off one or more college loans that are in default
  • Applies to employees who are legally responsible for defaulted college loans

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To Deferred Compensation.

Last Action

Introduced and Assigned to House Administration Committee in House

6/22/2011

Committee Referrals

Administration6/22/2011
Finance5/31/2011

Full Bill Text

No bill text available