PERS; revise Tier 5 service years for retirement eligibility from 35 to 30 years.

Summary

The bill amends the Public Employees' Retirement System to let members in the new Tier 5 retire without an age limit once they have completed 30 years of creditable service. It also allows members with at least eight years of service to begin receiving benefits at age 60, and reduces benefits for those retiring with fewer than 30 years or before age 65. The measure died in committee and did not become law.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share