Establishes a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs.
This bill creates a new retirement plan for firefighters employed by the division of military and naval affairs. Firefighters can retire after completing twenty-five years of creditable service, receiving a retirement allowance equal to one-half of their final average salary. Members in Tiers 1 or 2 receive additional benefits for service beyond twenty-five years. Members covered under Article 14 can switch to the twenty-five-year plan within one year of the bill's enactment. The bill also allows for creditable service from other firefighter roles and non-firefighter service.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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