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, including overtime and state supplemental pay. Additionally, municipalities that have not employed any police officers in the previous and current fiscal year will only need to submit an electronic annual contributions report.

The proposed law also modifies the requirements for membership enrollment, mandating that employers submit completed enrollment forms along with necessary documentation within 90 days of employment. It changes the deadline for submitting physical examinations to the retirement system and retains provisions for survivor benefits, specifying that applications must be received by a certain date to ensure timely benefit payments. Furthermore, the bill clarifies the governance of the MPERS board of trustees, allowing members who retire or cease to be police chiefs to complete their terms. These changes aim to enhance the efficiency and accountability of the retirement system, effective July 1, 2024.

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)