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Senate Bill 0058

Senate Bill 0058

ARCHIVE (2006)

Latest Information

DIGEST OF SB58 (Updated February 23, 2006 6:29 pm - DI 84)

Teachers' retirement fund administrative issues. Specifies the type of disability benefit that a member of the state teachers' retirement fund (TRF) must be eligible to receive in order for the member's surviving spouse to qualify for a survivors' benefit. Allows a TRF member who serves in an elected position and elects, while holding the elected position, to begin receiving the retirement benefits to which the member is entitled by age and service to choose whether to retire from TRF or the public employees' retirement fund. Restricts the award of military service credit by TRF to service that is not used by the member under the terms of a military or another governmental retirement plan. (The introduced version of this bill was prepared by the pension management oversight commission.)
    Current Status:
    Law Enacted
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