SB 812 State Police Officers' Retirement System.
Kenneth W. Stolle | all patrons    ...    notes
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Summary as passed:
State Police Officers' Retirement System. Provides that state police officers in service at age 60 or older with five or more years of service may elect to retire and to continue to receive their retirement allowance while employed as an employee of the Department of State Police. The bill also provides that state police officers, between the ages of 55 and 59, with five or more years of creditable service who (i) have been rehired as an employee of the Department of State Police and (ii) have been receiving a service retirement allowance for at least 30 days prior to such reemployment may elect to continue to receive such service retirement allowance while an employee of the department. The bill limits the number of years that a person may receive a retirement allowance while an employee of the Department of State Police to two. The provisions of the bill sunset on July 1, 2005.


Summary as passed Senate:
State Police Officers' Retirement System. Provides that state police officers in service at age 60 or older with 5 or more years of service may elect to retire and to continue to receive their retirement allowance while employed as an employee of the Department of State Police. The bill also provides that state police officers, between the ages of 55 and 59, with 5 or more years of creditable service who (i) have been rehired as an employee of the Department of State Police and (ii) have been receiving a service retirement allowance for at least 30 days prior to such reemployment may elect to continue to receive such service retirement allowance while an employee of the department. The bill limits the number of years that a person may receive a retirement allowance while an employee of the Department of State Police to 2. The provisions of the bill sunset on July 1, 2005.


Summary as introduced:
State Police Officers' Retirement System. Increases the multiplier from 1.70 percent of average final compensation to 2.50 percent of average final compensation for state police officers and certain local law-enforcement officers retiring on or after July 1, 2003.