Legislation
- Title
- Law Enforcement Officers' Pension System - Benefits
- Sponsored by
- Delegate M. Jackson
- Status
- In the House - Hearing 2/18 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Altering the accrual rate from 2.0% to 2.5% for service earned on or after July 1, 2020, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; and altering the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive, from 65% to 70% of the member's average final compensation.
Committees
- Original:
- Appropriations Click to view Recorded Media
Committee Testimony
Details
Introduced in a prior session as: HB0103 Session: 2019 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2020
History
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File Code
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Subjects
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Statutes
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(
26-401 )
Last Updated: 9/22/2020 2:00 PM