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Senate Bill 0561


Senate Bill 0561

ARCHIVE (2007)

Latest Information

 

DIGEST OF SB 561 (Updated April 27, 2007 7:31 pm - DI 102)


Deferred retirement option plan and public safety matters. Provides that a member of the public employees' retirement fund (PERF), previously employed by a state quasi-governmental entity not affiliated with PERF that is absorbed by a PERF affiliated entity, may purchase service credit at the full actuarial cost. Removes a provision that limits credit for prior service to allow a firefighter to accrue 20 years of service credit in the 1977 police officers' and firefighters' pension and disability fund (1977 fund). Permits a member of the 1977 fund who retires because of a disability more than 12 months after the date the member enters the deferred retirement option plan (DROP) to choose whether to receive a retirement benefit calculated as if the member: (1) had never entered the DROP; or (2) exited the DROP on the date the member retires because of the disability. Allows a person who fulfills certain firefighter certification requirements to be in compliance with minimum basic firefighter training requirements. Allows any county to adopt an ordinance creating a public safety communications systems and computer facilities district (district). Prohibits a county from imposing an ad valorem property tax levy to fund the operation or implementation of the district. Authorizes a member of the 1925 police pension fund, the 1937 firefighters' pension fund, the 1953 police pension fund, or the 1977 fund to resubmit, before July 1, 2007, a disapproved election to enter a DROP and to have the election approved so that the dates the member enters and exits the DROP are the dates selected by the member when the election was initially submitted.
    Current Status:
     Law Enacted
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