House Bill 2631 Summary

• Requires employers to submit reports, data, and materials requested by the board of trustees for eligibility determinations and plan administration under both the public safety personnel retirement system (PSPRS) and corrections officer retirement plan (CORP).

• Establishes mandatory training requirements for local board members, secretaries, and independent legal counsel within 180 days of appointment or election, covering open meeting laws, ethics, legal review, and fiduciary responsibilities.

• Permits voluntary consolidation of local boards through intergovernmental agreements between employers, allowing boards to operate jointly while maintaining all duties and responsibilities.

• Authorizes the board of trustees to audit local boards for compliance with statute and model uniform rules, with power to require corrective action within 60 days or to act on behalf of non-compliant local boards.

• Assigns retirement benefit eligibility determinations to the board of trustees rather than local boards, requiring employers to submit completed retirement applications within 10 days to the board for processing and benefit determination.