DE HB164

Defines "Correction Officer" as Department of Correction employees in secured facilities positions with Hazardous Duty Level A-1 pay classification.

Sets employee contribution rate for Correction Officers at 4% of annual compensation, or 6% for those classified as Post-2011 employees.

Allows Correction Officers to retire after 25 years of credited service regardless of age, without reduction to benefits.

Effectiveness is contingent on receiving a favorable Private Letter Ruling from the Internal Revenue Service regarding the State Employees' Pension Plan's qualified status.

Upon IRS approval, employee contribution changes take effect January 1 of the following year, with retirement eligibility beginning two years after contributions commence.