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2006 SESSION

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HB 471 Retirement System; modifies benefits of state and local law-enforcement officers.

Introduced by: John A. Cosgrove | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Retirement; state and local law-enforcement officers.  Modifies the retirement benefits of state and local law-enforcement officers by (i) increasing from 1.7 percent to 2.5 percent the percentage of average final compensation multiplied by the years of creditable service in such positions, and by deleting the supplemental allowance currently paid to members upon retirement until their Social Security retirement age; and (ii) deleting the minimum age requirement for retirement for members with 25 or more years of service.


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