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House Bill 1050

House Bill 1050

ARCHIVE (2010)

Latest Information

DIGEST OF HB1050 (Updated March 2, 2010 10:01 am - DI 84)

Police officers' and firefighters' 1977 pension and disability fund. Allows a member of the 1977 police officers' and firefighters' pension and disability fund (1977 fund) to designate one or more beneficiaries to receive the 1977 fund member's contributions plus interest if the 1977 fund member dies without receiving retirement or disability benefits and without a spouse, child, or parent entitled to receive survivor benefits. Provides that, if the member does not designate a beneficiary, the member's contributions and accumulated interest shall be refunded to the member's estate. Specifies that for purposes of receiving a survivor benefit a parent is wholly dependent on a member of the 1977 fund if the 1977 fund member claimed the parent as a dependent on the federal income tax return filed by the 1977 fund member in the year before the year in which the 1977 fund member died.
Current Status:
Law Enacted
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