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IN SB0164
Bill
Status
2/27/2019
Primary Sponsor
Jack Sandlin
Click for details
AI Summary
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Survivors of participants in the state excise police, gaming agent, gaming control officer, and conservation officers' retirement plan who die in the line of duty after January 31, 2018, receive 100% of the retirement benefit the participant would have earned with 25 years of service at age 50
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Eliminates the previous requirement that participants must have at least 15 years of creditable service for their nominated survivors to qualify for benefits (for deaths after January 31, 2018)
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Survivors of participants who die other than in the line of duty after January 31, 2018, receive 50% of the retirement benefit the participant would have earned with 25 years of service at age 50
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Allows survivors who received benefits under previous rules between January 31, 2018 and the bill's effective date to either repay those amounts for full benefits under the new provisions, or have their new benefits adjusted to account for previous distributions
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Urges the legislative council to assign an interim study committee to examine the retirement plan's benefits for survivors of members who die other than in the line of duty
Legislative Description
Survivors' benefits. Decreases the years of service that a participant in the state excise police, gaming agent, gaming control officer, and conservation officers' retirement plan must have in the plan at the time of the participant's death in order for the nominated survivor of the participant to be entitled to survivors' benefits from 15 years to 10 years.
Last Action
Representative Bartels added as cosponsor
3/4/2019