Amends existing law to provide that a purchase of membership service shall be made within 90 days prior to the date of retirement.
PERSI -- Amends existing law to provide that a purchase of membership service shall be made within 90 days prior to the date of retirement.
STATEMENT OF PURPOSE
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Section 59-1363 is silent with regards to the specific time frame when a purchase of member service can be completed. PERSI rule 626 defines that a member may request the cost of a purchase of service within 90 days before a member's effective date of retirement. While the rule has defined the appropriate time frame to complete a purchase of service, it is more appropriate for the time frame to be included in statute.
HOW THEY VOTED
House Third Reading
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YEA (70)
NAY (0)
Senate Third Reading
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YEA (34)
NAY (0)
ABSENT / NOT VOTING (1)
LATEST ACTION
Reported Signed by Governor on March 11, 2024 Session Law Chapter 18 Effective: 07/01/2024
BILL INFO
- Session
- 2024
- Chamber
- house
- Status date
- Mar 12, 2024
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