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MS HB1032
Bill
Status
Failed
2/3/2026
Primary Sponsor
Becky Currie
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AI Summary
- Establishes the First Responders Retirement System effective July 1, 2026, covering law enforcement officers, firefighters, emergency medical services providers, emergency management personnel, and public safety telecommunicators employed full-time by the state or local governments
- Requires employee contributions of 9% of earned compensation, with employer contribution rates set biennially by the administrative board based on actuarial valuations
- Provides retirement eligibility at age 60 with at least 8 years of creditable service, or at any age with 25 years of service, with benefits calculated at 2% of average compensation per year for the first 20 years and 2.5% per year thereafter
- Offers disability retirement benefits equal to 50% of the member's average compensation for the two years preceding retirement for those incapacitated due to duty-related or non-duty-related causes
- Includes cost-of-living adjustments tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), along with survivor benefits providing the spouse 50% of the member's benefit and children 25% each (up to 50% total for multiple children)
Legislative Description
First Responders Retirement System; establish.
Last Action
Died In Committee
2/3/2026
Committee Referrals
State Affairs1/16/2026
Full Bill Text
No bill text available