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Senate Bill 0420


Senate Bill 0420

ARCHIVE (2010)

Latest Information

 

DIGEST OF INTRODUCED BILL


PERF vesting period and minimum benefit. Reduces from ten to eight the number of years of creditable service a member of the public employees' retirement fund (PERF) must earn to obtain vested status. Reduces the minimum monthly retirement benefit for a PERF member from $180 with 10 years of creditable service to $144 with eight years of creditable service.
    Current Status:
     In Committee - first House
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