Bill
H 23
Overview: H 23 - An Act to provide for payment of creditable service.Purpose and Intent: The primary purpose of this bill is to address the payment of creditable service, which is
Overview: H 23 - An Act to provide for payment of creditable service.
Purpose and Intent: The primary purpose of this bill is to address the payment of creditable service, which is a critical component of public employee retirement systems. The bill aims to establish or clarify the rules and procedures for how creditable service is calculated and paid for by public employees.
Key Provisions:
- Specifies the requirements and processes for public employees to purchase or receive credit for various types of service, such as military service, leave of absence, or prior employment
- Outlines the methods and timelines for making payments to the retirement system to acquire creditable service
Affected Parties and Impacts:
- Current and future public employees, who will be subject to the new rules and procedures for acquiring creditable service
- Public retirement systems, which will need to implement the new requirements and processes for handling creditable service payments
Procedural and Timeline Considerations:
The bill is currently scheduled for a hearing in the A-1 committee on April 14, 2025. The hearing will provide an opportunity for stakeholders to provide input and for the committee to consider any potential amendments before the bill moves forward in the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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