A bill for an act relating to early retirement benefits for members of the peace officers’ retirement, accident, and disability system.

Summary

The bill changes the early‑retirement rule for members of the peace officers’ retirement, accident and disability system. Officers must now have at least 25 years of creditable service (instead of 22) and be between 50 and 55 years old to retire early, and they will receive a set share of the normal pension. It also adds an automatic 1.5% yearly increase to those early‑retirement pensions.

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