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IN SB0075
Bill
AI Summary
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Urges study of reducing the unreduced retirement benefit eligibility age for 1977 police officers' and firefighters' pension fund members from 52 to 50 years old
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Urges study of increasing the additional retirement benefit from 1% to 1.5% for each 6 months of active service beyond 20 years
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Urges study of reducing the maximum years of service used to compute retirement benefits from 32 to 28 years
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Requests a separate study on establishing a public safety research fund to examine risk factors affecting physical and psychological health of public safety personnel, including causes of early death and disability
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Declared an emergency effective upon passage, with study provisions expiring January 1, 2019
Legislative Description
1977 fund retirement age and benefits study. Urges the legislative council to assign to the interim study committee on pension management oversight or another appropriate interim study committee the task of studying the following: (1) A reduction from 52 to 50 the age at which a member of the 1977 police officers' and firefighters' pension and disability fund (1977 fund) is eligible to receive an unreduced retirement benefit. (2) An increase from 1% to 1.5% in the amount of the additional retirement benefit payable to a 1977 fund member for each six months of active service over 20 years. (3)
Last Action
Public Law 90
3/15/2018