HB 1077 Summary

• Increases Public Employees' Retirement Fund (PERF) board of trustees from six to seven members, effective July 1, 2011.

• Adds requirement that one trustee must be an active or retired police officer or firefighter who is a member of the 1925 Police Pension Fund, 1937 Firefighters' Pension Fund, 1953 Police Pension Fund, or 1977 Police Officers' and Firefighters' Pension and Disability Fund.

• Increases governor-appointed trustees from five to six members to accommodate the new police officer or firefighter position.

• Requires the governor to appoint the police officer or firefighter trustee by July 1, 2011, with an initial term ending June 30, 2015.

• Declares an emergency for the act's implementation.