Local government probation and telecommunicator retirement plan established, money transferred, and money appropriated.

Summary

The bill establishes a new retirement plan within the Public Employees Retirement Association for probation officers and public safety telecommunicators employed by local governments. It provides for an earlier normal retirement age of 60 and larger annuities than the general employees plan, with the additional costs initially paid by the employees. The measure defines key terms and sets policy guidance for the new plan.

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