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 have employed police officers or chiefs 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 completed enrollment forms along with copies of birth certificates and Social Security cards within 90 days of employment. It also changes the deadline for submitting physical examinations to the retirement system from six months to a specified number of days after employment. The bill retains existing provisions regarding survivor benefits while establishing new timelines for applications, ensuring that benefits are payable in a timely manner. These changes aim to enhance the efficiency and accountability of the MPERS 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)