The bill amends the State Police Retirement Act of 1986, specifically section 24, to update various provisions regarding retirement eligibility and benefits for members of the state police. Key changes include the removal of the previous subsection (14) and the insertion of a new subsection (15), which alters the retirement application process for members who first joined before June 10, 2012, allowing them to retire after 25 years of service. The bill also clarifies that a member who reaches the age of 56 must retire and specifies that retirement allowances will be based on the member's final average compensation.

Additionally, the bill introduces new language regarding the designation of retirement allowance beneficiaries, particularly in cases of divorce or remarriage. It allows retirants to change their designated beneficiaries under certain conditions and ensures that retirement allowances revert to a straight retirement allowance if the designated beneficiary predeceases the retirant. The bill also stipulates that retirement allowances must not be paid if the member is on suspension without pay for conduct involving a breach of public trust. Overall, these amendments aim to provide clearer guidelines and protections for both retirants and their beneficiaries.

Statutes affected:
House Introduced Bill: 38.1624