Summary as introduced:
State Police Officers' Retirement System. Modifies the retirement allowance paid under the State Police Officers' Retirement System ("SPORS") by increasing from 1.7 percent to 2.5 percent the percentage of average final compensation multiplied by the years of creditable service in a SPORS-covered or similar position, and by deleting the supplemental allowance currently paid to members upon retirement until age 65 (currently $9,264 annually). The bill applies to employees who become members of SPORS on or after July 1, 2001, and to current employees who elect to accept the modifications by October 31, 2001.
01/10/01 Senate: Presented & ordered printed, prefiled 01/10/01 013207536 pdf | impact statement
01/10/01 Senate: Presented & ordered printed, prefiled 01/10/01 013207536
01/10/01 Senate: Referred to Committee on Finance
02/01/01 Senate: Left in Finance