The bill, HB 43, focuses on the Municipal Police Employees' Retirement System (MPERS) and introduces several amendments to improve the administration and contributions to the system. Key changes include the establishment of deadlines for applications for survivor benefits, an extension of the Deferred Retirement Option Plan (DROP) participation from three to five years, and the requirement for municipalities to submit detailed reports on employee compensation annually. Additionally, the bill mandates that municipalities that employed a police officer or chief within the last five fiscal years must report on earnable compensation, state supplemental pay, and overtime compensation, with penalties for errors leading to overpayments.

Furthermore, the proposed law modifies the requirements for membership enrollment by mandating that employers submit a completed enrollment form along with necessary documentation within 90 days of employment. It also changes the deadline for submitting physical examinations to the retirement system to a specified number of days after employment. The bill retains provisions for survivor benefits, ensuring they are payable upon application within a specified timeframe. Overall, these amendments aim to enhance the efficiency and accountability of the MPERS while providing better support for its members and their beneficiaries.

Statutes affected:
HB43 Original: 11:2214(A)(2), 11:2225(A)(3), 11:2227(A)
HB43 Engrossed: 11:2214(A)(2), 11:2225(A)(3), 11:4(A)(1), 11:2227(A)
HB43 Reengrossed: 11:2214(A)(2), 11:2225(A)(3), 11:4(A)(1), 11:2227(A)
HB43 Enrolled: 11:2214(A)(2), 11:2220(B)(2), 11:2221(C), 11:2225(A)(3), 11:4(A)(1), 11:2227(A), 11:4(A)(3), 11:4(3)
HB43 Act 673: 11:2214(A)(2), 11:2220(B)(2), 11:2221(C), 11:2225(A)(3), 11:4(A)(1), 11:2227(A), 11:4(A)(3), 11:4(3)