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1998 SESSION

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SB 151 SPORS service retirement allowance.

Introduced by: R. Edward Houck | all patrons    ...    notes | add to my profiles

SUMMARY:

SPORS service retirement allowance. Reduces from 35 to 30 the number of years of creditable service that any member of the State Police Officers' Retirement System needs in order to have his normal retirement allowance based on 1.65 percent of his full average final compensation. For a member with fewer years of creditable service, the normal retirement benefit is based on 1.5 percent of the first $13,200 of his average final compensation and 1.65 percent of the amount in excess of $13,200.

FULL TEXT

• 01/14/98  Senate: Presented & ordered printed 984469685  pdf

HISTORY

• 01/14/98  Senate: Presented & ordered printed 984469685
• 01/14/98  Senate: Referred to Committee on Finance
• 02/11/98  Senate: Failed to report (defeated) in Finance by voice vote