RETIREMENT/MUNICIPAL POL: Provides relative to benefits of participating employees in the Municipal Police Employees' Retirement System (EN INCREASE APV)
Signed by the Governor. Becomes Act No. 609.
Summary
HB 45 amends the Municipal Police Employees' Retirement System law to let police officers with 28 or more years of creditable service who chose a three‑year participation period before July 1, 2024, receive an extra retirement payment. The extra benefit can be taken as a lump‑sum or placed in an investment account, and it reduces the monthly pension thereafter. The change was signed into law and is now Act No. 609.
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