House Bill 1026 Summary

• Increases the Public Employees' Retirement Fund (PERF) board of trustees from six to seven members, effective July 1, 2010.

• Requires the governor to appoint six trustees instead of five, with one of the six being an active or retired police officer or firefighter from specified pension funds (1925 police, 1937 firefighters, 1953 police, or 1977 police officers' and firefighters' funds).

• Maintains the director of the budget agency as an ex officio voting member, keeping the total board at seven members.

• Directs the governor to appoint the police officer or firefighter member by July 1, 2010, with that member's initial term running through June 30, 2014.

• Declares an emergency for immediate enactment of the bill.