This bill makes several amendments to current law regarding retirement benefits for state and municipal employees. It allows members who have served as state employees or employees of participating municipalities to receive credit for their service for retirement purposes, as long as they have been contributing members during that period. The bill also allows members who have served as teachers and in other positions to combine their service to determine their retirement eligibility date and receive a single benefit. Additionally, the bill establishes retirement eligibility age and service requirements for correctional officers and allows them to combine their accrued benefits with benefits from other positions. The bill specifies the amount of retirement allowance that members will receive based on their years of service. This bill will take effect upon passage.

Statutes affected:
5195: 16-16-8