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House Bill 1056


House Bill 1056

ARCHIVE (2009)

Latest Information

 

DIGEST OF HB1056 (Updated February 17, 2009 10:36 am - DI 84)


Military service credit for TRF members. Grants, under certain conditions, up to six years of service credit in the teachers' retirement fund (TRF) for a member's past active duty military service. Grants under certain circumstances a member of the 1977 police officers' and firefighters' pension and disability fund (1977 fund) up to six years of service credit for active duty military service. Provides that except for WWII veterans the service credit may be used only in the computation of benefits to be paid after June 30, 2011. Provides that for WWII veterans the service credit may be used only in the computation of benefits to be paid after June 30, 2009. Authorizes under certain conditions a member of the 1977 fund to purchase up to two additional years of service credit for active duty military service.
Current Status:
 In Committee - 2nd House
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