The proposed bill seeks to amend current statutes by allowing part-time municipal police officers, state highway patrol officers, and county sheriffs and deputies to participate in the Public Safety Personnel Retirement System (PSPRS) starting July 1, 2026, provided they meet specific criteria, such as having at least three years of credited service and working 20 to 30 hours per week. Additionally, it would exempt school resource officers from restrictions on receiving pension payments after retirement if they are reemployed. The bill introduces new definitions and requirements for part-time PSPRS members, including stipulations for written agreements with employers and clarifications regarding the exclusion of part-time earnings from average monthly benefit calculations for disability pensions.

Furthermore, the bill modifies existing provisions related to disability pensions and retirement benefits by specifying that part-time earnings will be excluded from disability pension calculations. It also updates the process for determining the actuarial present value of future benefit payments for eligible members, ensuring alignment with the system's financial obligations. Overall, the bill aims to modernize the PSPRS framework to accommodate part-time public safety personnel while maintaining certain conditions and limitations for fiscal responsibility.

Statutes affected:
Introduced Version: 38-842, 38-865, 38-865.01, 38-867.02, 38-846.01, 38-843, 38-844.01, 48-803, 48-804, 48-805.01, 28-8423, 28-8424, 28-8426, 9-951, 9-973, 9-911, 9-934, 38-848, 38-881, 38-842.01, 38-881.01, 38-843.04, 38-895.01
Senate Engrossed Version: 38-842, 38-842.03, 38-845, 38-845.03, 38-846.01, 38-865, 38-865.01, 38-867.02, 38-843, 38-844.01, 48-803, 48-804, 48-805.01, 28-8423, 28-8424, 28-8426, 9-951, 9-973, 9-911, 9-934, 38-846, 38-856.05, 38-857, 38-848, 38-881, 38-842.01, 38-881.01, 38-843.04, 38-895.01
House Engrossed Version: 38-842, 38-842.03, 38-845, 38-845.03, 38-846.01, 38-846.05, 38-849, 38-865, 38-865.01, 38-867.02, 38-843, 38-844.01, 48-803, 48-804, 48-805.01, 28-8423, 28-8424, 28-8426, 9-951, 9-973, 9-911, 9-934, 38-846, 38-856.05, 38-857, 38-844, 13-713, 38-846.02, 38-843.05, 38-850, 44-1201, 38-848, 38-881, 38-842.01, 38-881.01, 38-843.04, 38-895.01
Chaptered Version: 38-842, 38-842.03, 38-845, 38-845.03, 38-846.01, 38-846.05, 38-849, 38-865, 38-865.01, 38-867.02, 38-843, 38-844.01, 48-803, 48-804, 48-805.01, 28-8423, 28-8424, 28-8426, 9-951, 9-973, 9-911, 9-934, 38-846, 38-856.05, 38-857, 38-844, 13-713, 38-846.02, 38-843.05, 38-850, 44-1201, 38-848, 38-881, 38-842.01, 38-881.01, 38-843.04, 38-895.01