Law Enforcement Officers' Pension System - Benefits
Sponsor: Carl Jackson (District 8)Committee: RulesSubject: State Government - Pensions and RetirementStatus: First Reading Senate Rules (as of Nov 13, 2024)
What this bill does
Official synopsis
Altering the accrual rate from 2.0% to 2.5% for service earned on or after July 1, 2024, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; altering the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive, from 65% to 70% of the member's average final compensation; etc.
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Testimony (0)
MGA witness listNo witness list on file because no hearing has been scheduled.