RELATING TO CRIMINAL JUSTICE REFORM.
HB 1336 enhances retirement benefits for state police, ensuring surviving spouses and dependent children receive up to 75% of pensions, improving family financial security.
HB 1336 enhances retirement benefits for state police, ensuring surviving spouses and dependent children receive up to 75% of pensions, improving family financial security.
House Bill 1336 aims to amend existing laws concerning the administration and benefit plans of the State Police Retirement System. The bill focuses on enhancing the survivors' benefit options and updating provisions related to the Tier Two Deferred Retirement Option Plan. The intent is to ensure that the retirement benefits for state police officers are aligned with sound public pension policy and to provide necessary updates for effective administration.
The bill includes several significant amendments, particularly regarding survivor benefits and retirement options:
Survivor's Pension:
Dependent Child Definition:
Retirement Options:
Fee Adjustments:
Emergency Clause:
The amendments proposed in HB 1336 will primarily affect:
- State Police Officers: Enhancing their retirement benefits and providing better financial security for their families.
- Dependent Children: Ensuring they receive adequate support in the event of a parent's death.
- State Budget: Adjustments in fees for accident reports may provide additional funding for the State Police Retirement System.
This summary provides a comprehensive overview of House Bill 1336, detailing its purpose, key provisions, and potential impacts on state police officers and their families.
Compiled from official sources — confirm details with the bill’s official record.
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