Provides TPAF members and certain retirees same benefits provided to members enrolled in retirement system before July 1, 2007.
Introduced First Reading Assembly Referred to AED
Summary
The bill eliminates the tiered structure of the Teachers’ Pension and Annuity Fund (TPAF) by placing every current non‑retired member into Tier 1, granting them the benefits that were available to members who enrolled before July 1 2007. It also requires public‑sector employees who meet salary but not hour requirements to be automatically enrolled, and allows participants in the Defined Contribution Retirement Program to transfer service credit to TPAF unless they opt out. The changes take effect immediately and only affect retirement applications filed after enactment.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when A 1727 changes status, plus AI-powered summaries and stage predictions.
Sign up free