DE HB477

Allows post-2011 employees who relied on misinformation to qualify for a reduced pension if they were previously employed by a non-State employer with a vested pension plan offering greater benefits.

Requires post-2011 employees to prove by preponderance of evidence that they would not have resigned from prior employment but for their reasonable understanding they would vest as a pre-2011 employee.

Adds a new eligibility pathway for post-2011 employees with 5 years of credited service who are age 62 or older and qualify under § 5523(c), with pension reduced by 4/10 percent per month for less than 15 years of service.

Designates the Board of Pension Trustees' Executive Secretary to determine whether post-2011 employees meet the qualification standards, with appeals available to the Board.

Effective January 1, 2019.