Recommitted to Committee on Ways and Means pursuant to House Rule 126.3
Summary
The bill would increase the lump‑sum death benefit paid to the heirs or estate of a 1977 fund member from $12,000 to $15,000, adjusted each year for inflation. It also permits members who entered the Deferred Retirement Option Plan (DROP) before July 1 2024 to extend their scheduled retirement date by as much as 60 months, provided they notify their employer within 30 days. These changes would take effect on July 1 2026.
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