Changes the retirement allowance based on accrued benefits.
Changes the retirement allowance based on accrued benefits.
Recalculates the retirement allowance related to early retirement and pension benefits for teachers, state employees and municipal employees.
Recalculates the retirement allowance related to early retirement and pension benefits for teachers, state employees and municipal employees.
Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2012, for all retirement members eligible to and who retire on or after the new July 1, 2012, cutoff date.
Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2012, for all retirement members eligible to and who retire on or after the new July 1, 2012, cutoff date.
Provides an option for members to receive retirement allowances, without reduction, after twenty (20) years of service upon reaching age fifty-seven (57).
Affords an option for police and firefighters to receive retirement allowances, without reduction, who seek retirement after twenty (20) years of service upon reaching age fifty-seven (57).
Affords an option for police and firefighters to receive retirement allowances, without reduction, who seek retirement after twenty (20) years of service upon reaching age fifty-seven (57).
Effective January 1, 2025, an annual cost-of-living increase, based upon the yearly Consumer Price Index for all Urban Consumers (CPI-U), to the retirement allowance for all state employees and all beneficiaries to be reinstated.