Senate Bill No. [insert number] amends the State Police Retirement System by allowing members to purchase credit for out-of-state full-time law enforcement service. The bill modifies the existing requirement for service credit from ten years to six months, enabling more individuals to qualify for this benefit. Additionally, it removes the stipulation that membership must begin on or before June 30, 2008, thereby broadening eligibility for those who have served in law enforcement roles that are not creditable in any public retirement or pension system.
To facilitate the purchase of this service credit, members must apply to the system's board of trustees and provide necessary documentation regarding their previous employment. The costs associated with this purchase will be determined by the retirement system actuary and can be paid in a lump sum or through installment payments over a period not exceeding thirty-six months. The bill is set to take effect upon the governor's signature or after the designated time for gubernatorial action.
Statutes affected: SB1 Original: 11:1305(D)(2)