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 with 25 years of credited service. The language has been updated to use gender-neutral terms, replacing "his or her" with "the member's" throughout the text. Additionally, the bill clarifies the conditions under which retirement allowances are paid to surviving spouses and children, and it establishes new rules for members who are divorced after retirement.

Further amendments include the introduction of new subsections that address the election of retirement allowance beneficiaries, particularly in cases of divorce or remarriage. The bill specifies that if a retirant's designated beneficiary predeceases them, the retirant may revert to a straight retirement allowance. It also outlines the process for members who marry after retirement to designate their new spouse as a beneficiary, ensuring that the retirement allowance remains actuarially equivalent. Overall, the bill aims to modernize the retirement system for state police members while ensuring clarity and fairness in the distribution of benefits.

Statutes affected:
House Introduced Bill: 38.1624