DIGEST OF INTRODUCED BILL
1977 fund retirement benefits. Provides that a member of the 1977 police officers' and firefighters' pension and disability fund who has completed 20 years of service may retire at 50 years of age, instead of 52 years of age. Eliminates the 1977 fund member's election to retire with actuarially reduced benefits. Increases the percentages that apply when calculating a benefit for a 1977 fund member with more than 20 years of service.