Legislation - SB0329

Altering the benefit multiplier from 2.0% to 2.5% for service earned on or after July 1, 2025, by members of the Law Enforcement Officers' Pension System; 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; clarifying the eligibility requirement of certain Law Enforcement Officers' Pension System members in the Deferred Retirement Option Program; etc.

Committees

Original:: Budget and Taxation

Details

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Law Enforcement Officers' Pension System - Benefits Proceedings
Chamber Senate Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action Hearing 1/30 at 9:00 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/15/2025	1/15/2025	First Reading Budget and Taxation
			Text - First - Law Enforcement Officers' Pension System - Benefits
Senate	1/15/2025	1/15/2025	Hearing 1/30 at 9:00 a.m.

File Code

Subjects

Statutes