correctional officers; supplemental contributions

Summary

The bill changes the public‑safety defined contribution retirement plan by fixing how much correctional officers and their employers must contribute, treating employee contributions as employer contributions for tax purposes, and establishing when those contributions become owned by the employee. It also permits employers to give a one‑time supplemental contribution of up to $5,000 at certain service milestones without requiring extra employee payments. These changes aim to standardize funding and reward long service.

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